Macro models indicate SGOL stock price could benefit if upcoming labor market data point to a slowing economy, prompting increased safe-haven allocations. The weak report raised the odds for the Federal Reserve to lower interest rates when it next meets in September. The CME FedWatch and Polymarket suggest a high likelihood of about 92% of a U.S. rate cut next month, based on weakening jobs and dovish sentiment from Fed officials. Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold, increasing its attractiveness over fixed-income investments such as bonds (read: Gold ETFs to Remain Strong Despite the Stock Market Rally). To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Technically, SGOL stock price is trading above its 50-day moving average, suggesting momentum remains positive. However, daily RSI near 65 implies overbought conditions could slow short-term gains.
