Reply to Why did Gold spike after the jobs report?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Because bad news is good news for gold?[/quote]Well, at exactly 1:30pm on Friday the dollar dropped against the Pound, Euro, and Yen. This is after the 8:30am spike in gold.

It had to be someone making big moves all at once for the gold and dollar markets to move like that. Like a big institutional investor.

I think Friday's market is telling us that [b]the people in the know are moving[/b].[/quote]

It was a bad week. You don't have to be "in the know" to know that. [/quote]The business news is doing a horrible job covering what's actually going on. My guess is that on Friday the people 'in the know' realized that the rest of us are about to find out what they always knew.[/quote]

I thought this was a good summary of how things played out last week. Doesn't directly answer your question but interesting read

https://www.nbcnews.com/business/economy/us-economy-explainer-this-week-tariffs-jobs-inflation-what-to-know-rcna222569[/quote]

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