Important Information:Last Friday's stronger-than-expected U.S. jobs data caused traders to cut their expectations for U.S. interest rate cuts, spurring the dollar to recover, and international spot gold **14%,* to 2,000 per ounce$49. The data showed that non-farm payrolls increased by 19 percent in November90,000, unemployment rate from 39% to 37%, the labor force participation rate from 627% rose to 628%, and the average hourly earnings were **04%；Year-on-year **40%。This suggests strong labor market fundamentals and suggests that financial markets' expectations for a rate cut early next year may be premature.
Investment Highlights:The data turned out to be quite unexpected by investors, and the bearish pressure hit gold prices, causing gold prices to fall below the $2,000 integer mark for a while. **From Friday's low, it has pulled back slightly above $2,000**. Central banks will be in focus again this week, with the FOMC making interest rate decisions on Wednesday. If the previous inflation data remains sticky, and the meeting reveals an extension of the time to maintain high interest rates or other hawkish information, then ** is bound to continue to be under pressure to further downside. If the opposite is true, a low trend is expected. Technically, the gold price recorded a negative line on the daily chart, and the current gold price gradually formed a downward crossover pattern towards the daily 20-day ** technical indicator support level, intensifying the daily movement flat **short period** downward cross pattern. Keep an eye out for horizontal support below. Only the ** price stabilizes above the 2040 index, or it is expected to reverse the recent decline.
Hexun self-selected stock writer.
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