Short-Term Negative Fundamentals For Gold

By Jordan Roy-Byrne of The Daily Gold
Tuesday, February 7, 2023 7:59 PM EDT

Bullion, Gold, Bar, Gold Bar, Currency, Wealth, Finance

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The strength in the stock market and recent jobs report augur for higher yields in the short-term. The 2-year yield rebounded from support at 4.00%. This could lead to short-term expectations of a tighter Federal Reserve and no expectations of rate cuts this year. It’s short-term negative for Gold.

The major driver for Gold continues to be recession that forces the Federal Reserve to cut rates.

Video Length: 00:07:54

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