Gold price surged by $38 / The U.S. economy is getting better

In English
04 6 月, 2021


Gold price surged by $38

On Thursday (June 3), the price of gold fell by more than 2%. The reason was that better-than-expected U.S. employment and services data pushed the dollar higher and boosted expectations that strong economic data may restart the Fed’s remarks on reducing debt purchases. Investors are now turning their focus to Friday’s U.S. non-agricultural employment report, which is expected to trigger market sentiment again. Spot gold closed at US$1,870.36 per ounce, a sharp drop of US$37.82 or 1.98%. It fell to the lowest level since May 20 at US$1,865.15 per ounce, a sharp drop of US$44 from the daily high of US$1,09.57 per ounce. In addition, the dollar index closed up 0.67% and the U.S. 10-year Treasury bond yield rose 4 basis points to 1.63%, which will put pressure on gold prices and increase the opportunity cost of holding gold.

The U.S. economy is getting better

In the United States, the number of private jobs in the Human Resources Service Company (ADP) surged by 978,000 in May, a record high since June last year. It was also much higher than the previous value of 654,000. The market originally expected 650,000. During the period, 128,000 jobs were created in the commodity manufacturing industry, and 850,000 jobs in the service industry, of which the leisure and hotel industry accounted for more than half. The ideal number of small non-agricultural employment in the United States reflects the gradual recovery of the labor market. In addition, the number of new jobless claims in the United States continued to fall to 385,000 last week, which was the first time since the outbreak of the epidemic that it fell below the 400,000 mark, and was lower than market expectations of 387,000 and the previous value of 405,000. During the period, the number of people who continued to claim unemployment benefits rose to 3.771 million, higher than market expectations of 3.614 million, and the previous value was 3.602 million. This reflects that with more widespread vaccination, restrictions on companies are gradually lifted, and strong consumer spending has promoted corporate recruitment, which will help reduce the rate of layoffs. On the whole, it reflects the obvious recovery of the US economy.

場外式黃金/白銀交易的風險:
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。