Cast Bo Huang Yu:What is the relationship between non-agricultural data and gold, and how to analyze non-agricultural data

Cast Bo Huang Yu:Non agricultural data andgoldWhat is the relationship and how to analyze non-agricultural dataNowadays, many investors have started to participate in gold investment. Unlike the investment methods we have participated in in the past, there is no banker manipulating the market in gold trading, so everyone's investment opportunities are equal. As long as they can understand the market and grasp the trends, they can profit from gold investment. In terms of fundamental news, there are many news that affect the trend of gold prices. So, what is the "love hate entanglement" relationship between non-agricultural data and gold?
What is the relationship between non-agricultural data and gold, and how to analyze non-agricultural data
The so-called non-agricultural data is an important data indicator that reflects the US economy. It includes three values: non-agricultural employment, employment rate, and unemployment rate. It is a data indicator that reflects the employment status of the non-agricultural population in the United States and can objectively reflect the rise and fall of the US economy. The non-agricultural sector includes the employed population in the manufacturing and service industries, which also indirectly reflects the current level of economic development in the country. As the manufacturing and service industries are respectively the secondary and tertiary industries, their employment directly reflects the country's consumption level. Currently, non agricultural data is usually released on the first Friday of each month.

So, how does non agricultural data affect the trend of gold? We all know that the currency for gold trading is the US dollar. Non farm data to some extent reflects the recent employment and economic situation in the United States, which in turn affects the exchange rate of the US dollar. Through these data, we can further analyze the changes in the gold investment market and improve the accuracy of predictions. When the non-agricultural value increases, it indicates that the current US economy is good and showing an upward trend. In theory, this will encourage the appreciation of the US dollar and naturally lead to a decline in gold prices. On the contrary, if non farm data decreases, it indicates that the US economy is in a sluggish state, the US dollar is depreciating, and gold prices are trending upwards.

However, there are several requirements for investors to use non-agricultural data for market analysis: the first point is not to rely too much on non-agricultural data. Some friends may increase investment when they see significant changes in non-agricultural data in a certain month, which is not an advisable approach. We can only say that non-agricultural data has a significant impact on the gold market, but it is not absolute. Before investors start trading, it is best to consider all other aspects of information and finally determine the investment direction; The second point is that the impact of non-agricultural data on the gold trend usually lasts for about a week, so we did not refer to mid month or end of month non-agricultural data. Finally, the relationship between non-agricultural data and gold is not applicable to all of us, "Non farm employment numbers are higher than expected, the US dollar will rise, and gold will fall." In some cases, changes in non farm data may not have a significant impact on the US dollar, so we should also pay attention to the emergence of special markets.
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