The US economy is recovering,The price of gold rose sharply again

In Daily Market Review, English
03 7 月, 2020

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/

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。