@OliverWright on XAUUSD | PriceONN Community

Thinking more about that correlation point, @jack1997. The nonfarm payrolls data did come out stronger than expected, which typically would be a signal for a stronger dollar and weaker gold. However, we're seeing this weird divergence where the dollar isn't exactly soaring. It makes me wonder if there's something else in the background, maybe related to inflation expectations or interest rate cuts being priced in differently. The fact that gold is holding its ground despite decent jobs numbers is telling. It suggests that even with easing geopolitical tension, there are underlying factors, perhaps that copper drilling news from BC, that are keeping some buyers interested in hard assets. So while the safe-haven narrative might be muted, the commodity aspect of gold is still very much alive.