Gold prices just finished their worst month since November of 2016, and after that instance, the FOMC hiked rates eight times over the next two years. Are Gold bears telling us something?
USD/MXN volatility could rise in the coming days with the NFP report on tap for Friday. Strong employment data could boost the dollar, while a soft print is likely to benefit the Mexican peso.
Gold prices took a massive hit last week, but the sell-off stopped at a big spot of support. Sellers, however, haven’t yet let up as a short-term range has built.