FED STAYS TOUGH, $XAU FEELS IT NOW ⛏️

March ADP added 62,000 jobs, easing pressure on the Fed to cut and strengthening the case for higher-for-longer rates. But the gains were concentrated in education and healthcare, while trade, transportation, utilities, and manufacturing lost jobs, keeping the labor backdrop uneven and policy caution elevated.

This matters because gold trades on rate expectations more than headlines. If the Fed leans into higher-for-longer while core sectors weaken, $XAU can whip violently, but the first move may still be downside as real yields stay sticky.

Not financial advice. Manage your risk.

#Gold #XAU #Fed #Rates #Macro

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