The U.S. job market shows signs of weakening, Gold keeps rising and returns to the $1980 mark

In Daily Market Review, English
31 7 月, 2020

The U.S. job market shows signs of weakening
The number of people receiving unemployment benefits in the United States rose back to 1.434 million at the beginning of last week, an increase of 12,000 on a weekly basis, but slightly lower than market expectations of 1.45 million. During the period, the average number of people receiving unemployment benefits increased to 13.69 million for four consecutive weeks, while the number of continuous claims increased to 17.018 million, both of which exceeded market expectations. The data shows signs of weakness in the local job market

Gold keeps rising and returns to the $1980 mark
Spot gold once returned to the 1980 U.S. dollar mark on Thursday. Global easing, a weaker U.S. dollar, and high economic downward pressure will continue to push investors to buy gold. This trend will continue at least until the uncertainty in the market subsides after the US election. The continued upward trend of gold triggered some profitable selling. At the same time, news about vaccine progress also put pressure on gold, so gold once fell below the $1,940 mark on Thursday. For a short time, gold may continue to trade in the recent shock range of 1940/1980 US dollars.

 

—————————————————————

Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/

場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险,未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会(「证监会」)监管,因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束,包括(但不限于)客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失,或在极端情况下(例如相关市场跳空)产生更多的损失。 因此,阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险,如有需要,请向独立财务顾问寻求意见。