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

In Daily Market Review
16 3 月, 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:
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。