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Reply to "Why did Gold spike after the jobs report?"
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[quote=Anonymous][quote=Anonymous]The jobs report increased the chance of interest rate cuts.[/quote]So, interest rate cuts >> more quantitative easing >> more dollars floating around >> devalued dollar >> gold spike. Makes sense since gold did drop on Wednesday after Powell said he'd hold rates steady. Interestingly, bitcoin did not spike with gold on Friday. It actually dipped.[/quote]
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