Gold Hits $4,400 as Weak Jobs Data Upends Fed Bets — Plus Trump vs. Powell
A shock 23,000-job loss in July sends gold to a seven-week high near $4,400 and slashes September Fed hike odds, while the Trump administration's escalating fight with Chair Jerome Powell and a twisting Treasury yield curve complicate the rate outlook ahead of this week's CPI test for Fed Chair Kevin Warsh. In this episode: • Gold steadies after scaling two-month high as weak jobs data slashes September Fed hike expectations — https://fazen.markets/en/gold-hits-two-month-high-dollar4400-ahead-us-inflation-cpi-ppi • Trump reopens Fed battle at critical time for bond markets —…
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