U.S. Employment has Increased Significantly, Exceeding Market Expectations / Investors Turned to Risky Assets, Causing Gold Prices to Fall

In Daily Market Review
3 月 16, 2021

U.S. employment has increased significantly, exceeding market expectations

The US manufacturing index in New York continued to rise to 17.4 in March, the highest since November 2018, and also higher than market expectations of 14.5, an increase of 5.3 index points from the previous month. Among them, new orders fell from 10.8 to 9.1, shipments soared from 4 to 21.1, and input prices rose from 57.8 to 64.4, the fastest growth rate in 10 years. Looking ahead, companies remain optimistic about the improvement of the situation in the next six months, and the number of employees is expected to increase significantly.

Investors turned to risky assets, causing gold prices to fall

Gold prices fell on Tuesday, and investors turned to higher-risk assets because they expected a rapid economic recovery. At the same time, they were waiting for the outcome of the Federal Reserve Board (Federal Reserve/FED) meeting. During the Asian session, gold prices were basically flat at US$1,732.32 per ounce. US gold futures GCv1 fell 0.05% to US$1,728.20 per ounce. With the acceleration of US vaccination and the benefit of the US$1.9 trillion relief plan to American families, Fed officials this week may predict that the US economic growth rate in 2021 will be the fastest in decades, while the unemployment rate will fall and the inflation rate will rise. It is expected that the price of gold will remain at the level of 1,760 within this week.

——————————————-

Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading and 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。