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Focus On Friday’s Non-Farm Payroll, Gold Price Might Rebound
Don’t miss the opportunity to make a profit, check the gold trend now>>
Last week, the Indian government raised the basic import tax on gold, the price of gold tumbled to a new low in May. But the European Central Bank is expected to raise interest rates sharply, coupled with weak U.S. data, the risk of a global recession has increased, limiting the decline of gold prices to fall. Gold may maintain a sideways and volatile trend in the short term, but investors can pay attention to the US June Non-Farm Payroll which will be released on Friday, market expectations are not very optimistic, gold prices are expected to rebound.
The trend of gold can be paid attention to…
-Latest news on the Russian-Ukrainian war
7/4
-17:00 Eurozone PPI (May)
7/6
-17:00 Eurozone Retail Sales (MoM) (May)
-21:45 US Markit Service PMI Final Value (June)
-22:00 US ISM Non-Manufacturing PMI (June)
7/7
-02:00 The Fed announces the minutes of its June monetary policy meeting
-20:30 US Unemployment Claims for the week ending 7/2
7/8
-20:30 US Unemployment Rate (June)
-20:30 US Non-Farm Payroll (June)
-22:00 US Wholesale Sales (MoM) (May)
Which will affect the trend of gold, and investors must seize the opportunity to place orders.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
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