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CHAPTER 11 · VIDEO COURSE

Gold Fundamentals

Connect rates, the dollar, inflation, employment and risk events to gold without overstating causality.

5 reviewed videos · English + Simplified Chinese captions

What this chapter teaches

  • Track the main macro transmission channels.
  • Combine fundamental context with observable price confirmation.

VIDEO LESSONS

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01Dollar Index and Treasury Yields1:0602Fed Policy and Inflation Data1:0203Employment and PMI Signals1:0104Geopolitical Risk and Safe Haven Flows0:5905Combining Fundamentals with Technicals0:58

LEARNING CARDS

9 cards; select a card to open it at full size.

11.1

US Dollar Index (DXY)

DXY tracks the US dollar against a fixed currency basket; it is not a measure against every currency. Read the relationship conditionally and retain its failure boundary.

US Dollar Index (DXY) teaching card with four source-matched panels: What DXY Measures, Common Gold Link, Regime Exceptions, Reading Rule.
11.2

Treasury Yields

Treasury yields reflect expected policy, inflation, growth, term premium, and demand. Read the relationship conditionally and retain its failure boundary.

Treasury Yields teaching card with four source-matched panels: Nominal Yields, Real Yields, Gold Relationship, Measurement.
11.3

Fed Policy

Separate the target-rate decision from what markets had already priced. Read the relationship conditionally and retain its failure boundary.

Fed Policy teaching card with four source-matched panels: Decision, Communication, Transmission, Boundary.
11.4

Consumer Price Index (CPI)

Headline CPI includes all items; core measures exclude selected volatile categories. Read the relationship conditionally and retain its failure boundary.

Consumer Price Index (CPI) teaching card with four source-matched panels: Headline and Core, Rate and Horizon, Surprise, Gold Path.
11.5

Producer Price Index (PPI)

PPI measures prices received by producers across defined stages and categories. Read the relationship conditionally and retain its failure boundary.

Producer Price Index (PPI) teaching card with four source-matched panels: Scope, Pipeline Link, Release Reading, Gold Link.
11.6

US Nonfarm Payrolls (NFP)

The headline job-change estimate is only one part of the employment report. Read the relationship conditionally and retain its failure boundary.

US Nonfarm Payrolls (NFP) teaching card with four source-matched panels: Payrolls, Labour Context, Expectation Gap, Gold Response.
11.7

Purchasing Managers Index (PMI)

PMI summarises whether more respondents report improvement than deterioration; it is not a growth rate. Read the relationship conditionally and retain its failure boundary.

Purchasing Managers Index (PMI) teaching card with four source-matched panels: Diffusion Index, Components, Threshold, Gold Link.
11.8

Geopolitical Risk

Conflict, sanctions, elections, and policy shocks can alter safety demand, energy, inflation, and liquidity. Read the relationship conditionally and retain its failure boundary.

Geopolitical Risk teaching card with four source-matched panels: Risk Channels, Two-Way Response, Verification, Boundary.
11.9

Fundamental Technical Integration

Macro evidence frames why volatility and repricing may occur. Read the relationship conditionally and retain its failure boundary.

Fundamental Technical Integration teaching card with four source-matched panels: Fundamental Context, Technical Location, Sequence, Conflict.