Gold hits an air-pocket in $20 drop | Forexlive
Gold took a tumble in the past 15 minutes as it extends its post-payrolls slump. It’s not entirely clear what’s behind the selling with Fed funds futures pricing for the June meeting stuck at 29% pre-and-post NFP. The dollar is also broadly flat and commodities are generally higher.
This one might be technically-related as offers at $1983 and nearby stopped gold in its tracks three times in the past 24 hours, even as the rest of the market priced in a Fed pause (or skip).