#macro
XAU/USD · Macro analysis
Surveys say boom, factories say stall: gold reclaims $4,400 after the Fed’s first hike since 2023
US manufacturing output fell 0.3% in August against a 0.3% expected gain, while the surveys still point to expansion. The Fed hiked into that gap on Wednesday, and gold is back at $4,400.
XAU/USD · Macro analysis
Jackson Hole playbook: what a dovish Powell means for gold
Three scenarios for the Jackson Hole speech, their probabilities, and what each one means for gold and our sequences.
XAU/USD · Macro analysis
Warsh’s fork – July 2026
The Fed chair has two paths ahead – both lead to gold. An analysis of why the drop to $4,067 is an entry opportunity.