EUR/USD 1.17878
-0.159%
Gold 4855.96
-2.209%
Oil 63.564
-1.040%
USD/JPY 156.814
-0.038%
GBP/USD 1.36260
-0.192%
GBP/JPY 213.681
-0.206%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sony (SONY.N) has increased the maximum amount of its share buyback program from 100 billion yen to 150 billion yen.Tencent Holdings (00700.HK) has been declining for several days and is currently down more than 3%.February 5th - According to the National Medical Products Administration (NMPA), 50 batches of cosmetics were found to be non-compliant during the 2025 national cosmetics sampling inspection. The NMPA, in accordance with the "Regulations on the Supervision and Administration of Cosmetics," the "Measures for the Supervision and Administration of Cosmetics Production and Operation," and the "Measures for the Administration of Cosmetics Sampling Inspection," has instructed the drug regulatory authorities of Zhejiang, Guangdong, and Qinghai provinces to initiate investigations into the registrants, filers, and contract manufacturers involved in the aforementioned non-compliant cosmetics, and to order the relevant companies to take risk control measures and conduct self-inspections and rectifications in accordance with the law.Chart: Changes in market capitalization of major global technology and internet companies on February 5, 2026 (Thursday)February 5th - At a press conference held today (February 5th) by the State Council Information Office, the State Administration for Market Regulation introduced three key tasks for long-term governance: First, implementing a fee list system, cooperating with the National Development and Reform Commission to guide local governments and departments in establishing comprehensive lists of fees levied on enterprises, achieving full coverage of all fee items, strictly investigating fee collection activities outside the list, and ensuring that enterprises have clear guidelines for payment; second, promoting policy evaluation and review, comprehensively reviewing existing fee policies, and strictly reviewing newly introduced policies to prevent arbitrary charges from the source; and third, accelerating the construction of a long-term regulatory system, working with relevant departments to promote the promulgation of the "Measures for Handling Illegal and Irregular Fee Collection Activities Involving Enterprises," clarifying penalties, and strengthening the punishment of illegal and irregular activities.

Forecast for the price of gold: Pre-NFP trade slowdown around $1,790 according to XAU/USD

Alina Haynes

Aug 05, 2022 15:08

 截屏2022-08-04 下午5.25.46_1024x576.png

 

As traders exhibit the normal concern ahead of the important US employment data on Friday, the price of gold (XAU/USD) seesaws near the monthly peak. Despite this, the price of yellow metal fluctuates between $1,788 and $1,791 as of the morning of the press in Europe.

 

The market's conflicting fears about the global recession and the most recent geopolitical stories affecting Taiwan, in addition to the pre-NFP caution, further contribute to the XAU/USD's movement. It's important to note that the options market sends conflicting signals and presents difficulties for gold purchasers.

 

The recent increase in US Treasury rates has helped to strengthen the US currency and put downward pressure on the price of gold, but it also seems to have lessened concerns about a global economic downturn.

 

The US Dollar Index (DXY) reverses a two-day slump and registers modest gains at 106.00. The dollar index declined during the previous two days before consolidating recent losses by monitoring the yields. It's important to note that after falling during the previous two days, the US 10-year Treasury rates have stabilized at roughly 2.069 percent. The disparity between the coupons for 10-year and 2-year bonds is still the largest it has been since 2000, yet US Treasury rates have continued to show the possibility of a recession.

 

Geopolitical issues from the Taiwan Strait are also a problem for gold purchasers elsewhere, as China expresses its displeasure with Nancy Pelosi, the speaker of the US House of Representatives, visiting Taipei. According to West Official, US Secretary of State Antony Blinken recently stated at an East Asia meeting that China's response to US House Speaker Nancy Pelosi's visit to Taiwan had been "flagrantly aggressive."

 

In terms of the options market's attitude, a one-month risk reversal (RR) of gold prices ends a three-week downturn when seen weekly, but if observed daily, it causes a third straight day of decline. It should be mentioned that the risk reversal term refers to the spread between bullish and bearish bets, namely the call options and put options (RR).

 

In conclusion, gold prices are still stable, but the bad news outweighs the good news, therefore today's US employment data for July will be important for the short-term outlook. The US dollar's recovery may continue and impact on gold prices if the employment numbers look to be higher than expected.


Suggestion