CPT MarketsUS employment data hit the smallest growth rate in over two and a half years to support gold prices! book...

gold/dollar (XAUUSD)：

After a significant intraday surge against the US dollar last Friday, gold closed in consolidation1942.88Nearby, due to the United States7Monthly non farm employment data record2020year12The smallest increase since the beginning of the month suggests that the Federal Reserve can achieve anti inflation targets while avoiding a US economic recession, supporting gold prices.

In terms of positive factors

7Monthly non agricultural innovation shows the smallest growth rate in over two and a half years: According to data from the US Department of Labor, the US7Monthly non farm employment growth18.7Ten thousand, expected growth20Ten thousand, for2020year12The smallest increase since the beginning of the month. Many economists have previously predicted that the US economy will experience a recession in the fourth quarter of this year, but they are now increasingly convinced that the economic soft landing scenario envisioned by the Federal Reserve is possible. Commentary on the Founders of Boston Andersen Capital Management Company7The month is not agricultural, and everyone is worried that the number of jobs will be higher than expected, but not. This relieved the market and further encouraged the Federal Reserve to reflect on these numbers in a positive manner, hoping that this will support their decision to stop raising interest rates in the future.

In terms of bearish factors

The Federal Reserve does not rule out9Continuing to raise interest rates on a monthly basis may: the supply and demand of labor in the United States have indeed begun to ease, but the problem is that for the Federal Reserve, the cooling rate of the job market is clearly not fast enough. The United States only needs to create10Ten thousand job positions can absorb new employment, which is why the Federal Reserve7Not ruled out after monthly interest rate hike9Continuing to raise interest rates on a monthly basis may result in a sluggish rebound in gold prices. The strategist's report from ANZ Bank also pointed out that the Federal Reserve is7Monthly interest rate increase25Basis points, and9Raising interest rates again on a monthly basis will open the door, which may limit the rise of gold prices. They expect expected changes around their final interest rate to limit gold's upward potential in the short term. Investment demand remains weak as the market waits for the Federal Reserve to end its tightening cycle.

Press from above(Upper resistance) 1942.80，1944.20； From the downward direction, the lower support1940.70。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.