Is NFP non-agricultural data good or bad for gold?

Updated

At the beginning of the Asian session on August 1, spot gold fluctuated in a narrow range and is currently trading around $2,436/ounce. Gold prices rose by nearly $40 on Wednesday.

The interest rate remained unchanged in yesterday's Federal Reserve meeting, which was in line with market expectations. Powell's speech later gave news of a possible interest rate cut in September and the increasingly tense situation in the Middle East. Gold prices will face new large fluctuations.
The upcoming non-agricultural data will surely attract a large number of gold investors.

Do you think this wave of gold is good or bad?

Welcome everyone to actively discuss

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What do you think about the Super Golden Week?

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The value before the data was released was 20.6, the forecast index was 17.5, and the published index was 11.4. Gold is bullish and is expected to reach a historical high.

David_strategy

Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
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