๐ชGold Drops After Strong US GDP & Jobs Data ๐
Gold spiked to $3,761 before a sharp sell-off as Q2 GDP grew 3.8% and initial jobless claims fell to 218k. Strong labor market strengthens Fedโs case for higher rates, boosting USD and bond yields while pressuring stocks. Investors now eye tomorrowโs Core PCE for inflation clues ๐ฅ
