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