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📅 July 3, 7:00 – July 9,
Analysis: The non-farm report will not change the Federal Reserve's wait-and-see stance.
On July 5, after the non-farm payroll data showed that the U.S. economy added jobs significantly above expectations and the unemployment rate unexpectedly fell, gold experienced temporary pressure in the previous trading session. However, XS.com analyst Linh Tran stated in a report that this report does not indicate an overheating economy but rather shows a relatively stable rate of rise. Tran said this is not sufficient to force The Federal Reserve (FED) to reconsider its wait-and-see stance on monetary policy, which is also the reason why gold prices did not decline further. (Jin10)