Gold prices moved higher on Friday, as investors turned their attention to the monthly U.S. employment data.
June gold futures GC00 GCM22 rose $7.60, or 0.4%, to $1,883.40 per ounce, after closing up 0.4% to $1,875.70 an ounce on Thursday. Silver futures SI00 SIN22 were up 0.1% to $22.48 per ounce, a day after gaining 0.2%. The Fed hike was followed on Thursday by the Bank of England raising interest rates for the fourth time and by a bleak economic forecast that triggered a plunge in the pound GBPUSD and surge in the dollar. The European Central Bank is also expected to raise rates in July. The Bank of England’s gloom contrasted with the Fed’s position that it can keep a recession at bay.
Yea. Im sure thats why. They are waiting on something that gets published constantly vs the overall global media forced selloff