The US economy is recovering
In June, non-agricultural jobs in the United States increased by 4.8 million, the highest in history, and the increase was much higher than market expectations of 3 million, compared with an increase of 2.7 million in the previous month. During the period, the unemployment rate continued to decline from 13.3% in the previous month to 11.1%, which was also better than the market’s expected 12.3%. Benefiting from the gradual relaxation of the blockade measures, the employment rate of the local leisure and hospitality industry has increased significantly. In addition, employment in retail trade, education, health services, and service industries, manufacturing, professional and commercial services all experienced significant growth. As for June, the average hourly wage increased by 5% year-on-year, the growth rate was less than the market expectation of 5.3%, and the previous value increased by 6.7%. Although the US employment report is strong, the number of newly diagnosed cases in the local area has surged in the past two weeks, making the market worried about the prospect of economic recovery.
The price of gold rose sharply again
On Thursday (July 2), the US dollar rose slightly, once again showing hedging appeal, and investors worry that the surge in the number of new cases in the United States may erase the employment growth recorded in the summer. Gold prices rebounded sharply. Spot gold raised more than US$20 from the daily low and reached a maximum of US$1779.71 per ounce. Although the non-agricultural data in June far exceeded expectations, the impact of the recent US epidemic on the economy has not been included. Encouraged by the signs of the recovery of the US economy from the epidemic, oil prices closed at their highest level in the past four months on the eve of the US holiday, but worries about the growing epidemic persisted.
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/
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。