Gold Rebounds After Plunging in Early Morning Flash Crash

The video discusses the impact of a recent payrolls report on the gold market, highlighting how a strong economy and wage inflation could lead to interest rate hikes, affecting gold prices. It also examines the oil market, noting a significant price drop due to concerns over the delta variant and potential lockdowns in China, which could reduce oil demand.

How does the economic performance indicated by jobs growth influence the Federal Reserve's actions?

What concerns are raised regarding the delta variant and its effect on oil demand?