Non-farm Payroll Is Imminent, Bear Reveals In Gold Market?

Don’t miss the opportunity to make a profit, check the gold trend now>>

Fed announced the rate hike by 75bps. Although the US economic recession is imminent, inflation and employment data have not improved significantly. Therefore, Powell’s believes that it is still too early to stop raising interest rates, which suppress the short-term price of gold. Although gold has just rebounded in the short-term, the US Non-farm Payrolls and Unemployment Rate reports will be released tonight. If the Non-farm Payrolls data is stronger than expected, the gold price bears may continue to control the situation.

The trend of gold can be paid attention to…

– Latest news on the Russian-Ukrainian war
11/4
-20:30 US Unemployment Rate (Oct)
-20:30 US Non-farm Payrolls (Oct)
Which will affect the trend of gold, and investors must seize the opportunity to place orders.
Daily Focus allows you to understand the gold market, increase profit opportunities, and seize the opportunity immediately.

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4. Click “Quote”, select “XAUUSD” and click “Trade”. After the quotation page is displayed, you can click “Sell” or “Buy” to trade the product according to the trends.

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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.