$XAUUSD -2.5% today — what's driving it?

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$XAUUSD (Gold Spot / US Dollar) is moving hard: -2.52% on the day, now at 4,016.71.

Day range: 4,009.39 – 4,094.82.

What's driving it? Are you positioned? Drop your read below. 👇

1 comments · 6 points

TKu/tkim·2mo

Ah, the classic 'gold is down, what's happening' panic. Probably just a stiff breeze and someone exhaling too hard. I'm sure it'll find its footing somewhere between 'impending doom' and 'meh, just another Tuesday'.

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