"Inflation Data Sparks Gold Price Volatility: What's Driving the Market?"

The recent US economic data, with inflation above 2.0% and a resilient job market, suggests a potential shift in Fed rhetoric towards a more hawkish direction, impacting gold prices and the Nasdaq 100. The risk-reward profile for both assets appears unattractive at the moment, with the potential for a larger downward correction. Traders should closely monitor Fedspeak and exercise caution, as Fed policymakers may push back against a rate cut in March, potentially leading to bearish outcomes for precious metals and tech stocks.