THE WEAKER JOBS DATA PUSHED THE DOLLAR LOWER AND EASED CONCERNS THE FED MAY NEED TO KEEP RATES HIGHER FOR LONGER, WITH GOLD HOLDING FIRMLY ABOVE THE KEY $4,000 SUPPORT LEVEL AND HEDGE FUNDS RAISING BULLISH POSITIONS TO THEIR HIGHEST IN MORE THAN SIX MONTHS, WHILE ASIAN DEMAND ALSO LENT SUPPORT AS CHINESE GOLD ETFS SAW CONTINUED INFLOWS AND CHINA'S CENTRAL BANK ADDED ANOTHER 640,000 OUNCES TO ITS RESERVES IN JULY, A 21ST STRAIGHT MONTH OF ACCUMULATION.

THE WEAKER JOBS DATA PUSHED THE DOLLAR LOWER AND EASED CONCERNS THE FED MAY NEED TO KEEP RATES HIGHER FOR LONGER, WITH GOLD HOLDING FIRMLY ABOVE THE KEY $4,000 SUPPORT LEVEL AND HEDGE FUNDS RAISING BULLISH POSITIONS TO THEIR HIGHEST IN MORE THAN SIX MONTHS, WHILE ASIAN DEMAND ALSO LENT SUPPORT AS CHINESE GOLD ETFS SAW CONTINUED INFLOWS AND CHINA'S CENTRAL BANK ADDED ANOTHER 640,000 OUNCES TO ITS RESERVES IN JULY, A 21ST STRAIGHT MONTH OF ACCUMULATION.

Source:https://x.com/FirstSquawk/status/2086597604742472133