Gold is under great pressure when the US economy recovers

Biden: America has avoided economic crisis and economic collapse

① On June 2, local time, US President Joe Biden delivered a national address at the White House on the upcoming "The Fiscal Responsibility Act", which will be signed by Biden. June 3 to contain the United States. historic default after June 5. In his speech, Biden announced that spending would be constrained over the next 10 years and the deficit would shrink by $1 trillion.

② Biden said the agreement extended the effective date of the debt ceiling until January 1, 2025, and said the US "avoided economic crisis and economic collapse."

After the news of Non Farm was announced extremely well, DXY had a very clear recovery and put a lot of pressure on gold.

XAUUSD went deep after that and lost $34 after that and ended the session

Given the current situation, with the Fed raising interest rates and the US economy recovering, the possibility that gold will continue to decline is understandable.


𝖷𝖠𝖴𝖴𝖲𝖣 BUY 1945 - 1948 💯💯

✅𝖳𝖯1 1953
✅𝖳𝖯2 1960
✅TP3 1965

🛑𝖲𝖫 1938