Anonymous wrote:The jobs report increased the chance of interest rate cuts.

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.

It is a strong indicator that the financial world does not have confidence that Don the Con is anything other than Don the Con.

Anonymous wrote:Because gold is always a valuable investment. I told you all to buy some yesterday.

This.

Traditionally gold was seen as a hedge against an inflated stock market.

Now it's just BUY BUY BUY and performs well no matter what Wall Street or gov reports say. Not that much gold has ever been mined in the world.

The jobs report increased the chance of interest rate cuts.

Gold is an indicator of investor pessimism and declining economic conditions. Some people view it as safer than stocks.

Burying it in back yard

Because gold is always a valuable investment. I told you all to buy some yesterday.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because bad news is good news for gold?

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 the people in the know are moving.

It was a bad week. You don't have to be "in the know" to know that.

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.

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

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because bad news is good news for gold?

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 the people in the know are moving.

It was a bad week. You don't have to be "in the know" to know that.

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.

Anonymous wrote:

Anonymous wrote:Because bad news is good news for gold?

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 the people in the know are moving.

It was a bad week. You don't have to be "in the know" to know that.

Anonymous wrote:Because bad news is good news for gold?

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 the people in the know are moving.

Recession fear (bad news).

Anonymous wrote:Because bad news is good news for gold?

This.

Because bad news is good news for gold?

Help me understand this. After the jobs report was released on Friday at 8:30am, the price of gold immediately jumped 1.5% and closed higher. Why would gold spike due to the jobs numbers.

I'll add that the BLS director wasn't fired until 2:30pm, and there was another jump upward right after that.