Express News | Spot gold plummeted more than $60 intraday.

BreakingsJun 7 21:51

A heavyweight news "ambush" before non-farm payrolls! The gold price dropped by $20 in a short period of time.

China's central bank's gold reserves ended 18 consecutive increases, scaring off gold bulls! Will the future of gold prices face a major upheaval?

Golden10 DataJun 7 16:43

Express News | China's central bank maintains its gold reserves unchanged, which have been rising continuously for the past 18 months.

BreakingsJun 7 16:03

Gold market analysis: ECB rate cut ignites hope for Fed's follow-up, gold prices continue to rise to a two-week high.

Bank of China's Guangdong branch's Wang Gang said that many of this week's economic data from the United States were lower than expected and performed poorly. At the same time, consecutive interest rate cuts by the Bank of Canada and the European Central Bank ignited hopes for the Federal Reserve to follow suit. Next, the market's focus will shift to the May non-farm payroll data in the United States. If the non-farm payroll data also performs weakly, it may put pressure on the US dollar, further increase the market's expectation of the Federal Reserve's interest rate cut, greatly loosen the restraint on gold prices, and give gold a chance to continue to rise.

FX678 FinanceJun 7 11:52

US Bureau of Labor Statistics "admits": non-farm employment growth is "not as bright as it seems"

Last year, the United States added about 250,000 non-farm jobs per month, while quarterly employment and wage data from the QCEW survey, which covers more than 95% of U.S. employment positions, suggest that the monthly average increase in actual employment may be about 60,000 lower than that of non-farm jobs.

wallstreetcnJun 6 21:11

Gold market analysis: weak employment data + Fed interest rate cuts. Gold prices rose 1.2% to recover from Tuesday's decline.

Bank of China's Guangdong Branch's Wang Gang said that the US ADP employment report was weaker than expected on Wednesday. The Bank of Canada's interest rate cut sparked investors' speculation, and major developed economies, especially the central banks of Europe, the US and the UK, will soon join the rate-cutting camp, indicating the coming of an interest rate-cutting cycle. The strength of US non-farm payroll data on Friday may make it clear whether the Fed will cut interest rates later this year. The demand for gold from central banks around the world is still strong. Potential favorable factors for gold seem to be increasing.

FX678 FinanceJun 6 15:11