๐จ COMMODITY MELTDOWN ALERT ๐จ
Markets just felt the heat ๐ฅ
๐ฅ Broad sell-off across commodities:
๐ฅ Gold
๐ฅ Silver
๐ข๏ธ Crude Oil
โ๏ธ Industrial Metals
๐ What triggered the dump?
Traders are doubling down on a higher-for-longer Fed narrative โ and Powell is being priced as more hawkish than markets expected ๐ฆ
๐ต USD strength added fuel to the fire, pressuring everything from precious metals to energy
๐ Risk-off mode ON:
Asian stocks slid as metals volatility spilled over into equities, kicking off a week loaded with:
๐ Earnings
๐ฆ Central banks
๐ Major macro data
โ ๏ธ But zoom outโฆ
CBA strategist Vivek Dhar says this isnโt a trend reversal
๐ More like a correction than a collapse
๐ฅ Bold take:
CBA stays STRONGLY BULLISH on GOLD
๐ฏ Target: $6,000/oz by Q4
๐ Volatility is back.
๐ Shakeout or smart entry?
#Commodities #Gold #Silver #Fed #Powell #Macro #Volatility #RiskOff