Nov 04, 2023 Leave a message

The Market Cautiously Waiting For Non-farm Payrolls Data Precious Metals Market Into Shock

Gold
Today's Shanghai futures gold price shock weak, the main contract 2312, opened at 479 yuan / gram, the highest 479.28 yuan / gram, the lowest 477.08 yuan / gram, the latest close of 478.2 yuan / gram.
Silver
Today's Shanghai period silver narrow oscillation. The main contract 2312, opened at 5819 yuan / kg, the highest 5832 yuan / kg, the lowest 5784 yuan / kg, the latest close at 5800 yuan / kg, up 6 yuan, or 0.1%.
Macro, gold is currently trading at 478.14 near fluctuations, tonight the United States will be heavily announced October quarterly non-farm payrolls and unemployment rate data. In September, quarterly non-farm payrolls increased by 336,000, far exceeding market expectations. The market is currently expecting 168,000 for October, so people will be watching closely to see if the actual data can exceed expectations. Gold, the daily trend for more, by the U.S. non-farm payrolls data released on the eve of the cautious atmosphere, gold's current downtrend has not changed, so far this week, spot gold prices fell 1%, after three consecutive weeks of weekly gains, last week, the Middle East unrest situation is growing under the background of the price of gold due to safe-haven demand rose. And this week's investment is ushering in the U.S. non-farm payrolls report and other heavy events, when the market will trigger a large market changes, is expected to short-term precious metals weak shock.

 

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