๐ฅ Gold Refuses to Blink | Safe-Haven Power On Display
Gold is once again proving why it remains the ultimate crisis hedge.
Despite rising US Treasury yields and a firm US Dollar, XAU/USD surged, rebounding sharply from $4,309 and holding strong near $4,344, with upside momentum intact.
๐ Whatโs Driving the Move?
๐ก๏ธ Safe-haven demand dominates, overpowering yield and dollar pressure
๐ US consumer sentiment weakens, with households bracing for higher unemployment and reduced spending
๐ BoJ rate hike lifts global yields, but Fed uncertainty + thin holiday liquidity continue to funnel capital into gold
๐ Market Message: When macro uncertainty rises, gold doesnโt wait for permission. Even in a higher-yield environment, capital is flowing toward protection โ a clear signal that risk appetite remains fragile.
๐งญ Outlook: As markets head into year-end with limited liquidity and unresolved macro risks, gold stays bid, reminding traders that safety still commands a premium.
