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#GoldTops4200
Gold is reclaiming its throne. Spot gold pushed past the crucial $4,200/oz threshold on July 6, building on a strong 2%+ weekly gain.
The primary catalyst? A much weaker-than-expected June U.S. non-farm payrolls print of just 57k jobs, which decisively cooled expectations for immediate Federal Reserve rate hikes. Coupled with a slipping U.S. dollar and dropping Treasury yields, the macro environment is heavily favoring non-yielding safe havens. According to the World Gold Council, this pivot officially propels gold into a high-momentum phase for H2 2026. Trade the rally natively on our TradFi CFD portal now.
#Gateio #XAUUSD #PreciousMetals #GoldTrading
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