• Gold's Wild Ride: U.S. Employment Data, Fed Speculation, and Middle East Tensions

  • Oct 9 2024
  • Length: 14 mins
  • Podcast

Gold's Wild Ride: U.S. Employment Data, Fed Speculation, and Middle East Tensions

  • Summary

  • In this episode of The Pod of Gold Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, breaks down the recent market movements and gold’s volatile reaction to U.S. employment data.

    Frappell explores how the latest non-farm payroll numbers have sparked speculation around the Fed's next move and what it means for gold prices in the coming months.

    Also discussed in this episode is the growing geopolitical tensions in the Middle East and how they could further support the gold price.

    Frappell provides insights into the latest managed money positioning, as well as technical analysis using the Ichimoku Cloud and other indicators.

    Tune in for an expert take on where gold may be headed next and what data surprises could impact the markets.

    PODCAST INFO: ABC Refinery website: ⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠

    Nicholas Frappell: ⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠

    Shae Russell: ⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠

    OUTLINE:

    Here are the timestamps for the episode. On some podcast players, you should be able to click the timestamp to jump to that time.

    Timestamps:

    • (0:00) – Introduction
    • (0:15) – Gold's Recent Market Behaviour
    • (0:55) – US Employment Data and Gold’s Reaction
    • (7:14) – Managed Money Positioning in Gold
    • (8:24) – Technical Analysis: Ichimoku Cloud and Price Targets
    • (11:30) – Gold’s Outlook for the Remainder of the Year
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