Gold is trading near multi-month lows under a fully aligned daily-and-hourly downtrend, with the dominant macro force being the repricing of Fed rate-hike expectations driven by resilient US jobs data, persistently elevated inflation, and hawkish Warsh commentary — all of which erode the appeal of a non-yielding metal.
Edition 2026-07-01 · prediction window to Wed 1 Jul 2026 21:00 UTC (22:00 BST)
Catalyst: Active and imminent. Three high-impact catalysts fall within the pre-market and early-session window: Fed Chair Warsh at 8 AM ET, ADP at 7:15 AM ET, and ISM Manufacturing PMI at 9 AM ET. Thursday's NFP adds further multi-session tail risk. US-Iran peace talks in Qatar remain an unresolved geopolitical wildcard.
Data: yahoo
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