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On December 16th, Capital Economics economist Stephen Brown stated that he is not overly concerned about the non-farm payroll report. He pointed out that private sector non-farm payroll data was robust. Private sector employment, excluding government, has shown accelerated growth in recent months: an average increase of 75,000 over the past three months, compared to an average increase of only 15,000 between May and July. Analyst Anstey noted that this also confirms the view that the healthcare sector is a key driver of growth. Furthermore, manufacturing employment has seen an absolute decline. Therefore, while the employment situation has improved, a broad upward trend has not yet emerged.On December 16th, Peter Anderson, founder of Anderson Capital Management, commented on the latest non-farm payroll data, stating that investors hope for a smooth run without any surprises, and even if there are fluctuations, they shouldnt be too significant. Even a slight increase in the unemployment rate would increase the likelihood of further interest rate cuts. However, as weve seen in the past, this isnt a consistently consistent trend. "Were now seeing some divisions within the Federal Reserve Board. Some people opposed the recent rate cut decision, and theres also a high level of focus on who will lead the Fed. Therefore, the Fed is currently in an unprecedented state of distraction, and it wont make any major policy decisions until all these issues are resolved."Acting Chairman of the White House Council of Economic Advisers (CEA), Yared: Inflation is "returning to normal" and back to historical levels.Acting Chairman of the White House Council of Economic Advisers (CEA), Yared: The rise in the unemployment rate should not be over-interpreted.December 16th - Lenovo Group announced that it is working closely with Infineon Technologies to accelerate the next phase of autonomous driving. Lenovos flagship domain controllers, AD1 and AH1, integrate Infineons AURIX™ microcontroller technology, providing robust support for Advanced Driver Assistance Systems (ADAS) and achieving superior energy efficiency and high-speed data communication across vehicle networks.

The international gold price is bearish and will not be short for the time being. After it falls below $1738, the short position will enter the market.

Oct 26, 2021 10:57

On Friday (October 1), the spot gold price was basically stable, not far from the one-week high of US$1,764.26 per ounce recorded on the previous trading day. Because of the unexpected increase in the number of initial jobless claims in the United States announced overnight, and some Fed officials said the need to maintain low interest rates.

At 15:15 GMT+8, spot gold fell 0.04% to 1756.25 US dollars per ounce; the main COMEX gold contract fell 0.02% to 1756.7 US dollars per ounce; the US dollar index rose 0.02% to 94.284.


On Thursday (September 30), the gold price rebounded sharply from the low point of $1,721.76 per ounce set on August 10 the previous day, and closed up nearly 1.8% in the final trading; because the U.S. dollar index fell back to a new high of 94.504 since September 28 , The final trade closed down more than 0.1%.

Chicago Fed Chairman Evans said on Thursday (September 30) that he believes that the current supply shocks pushing up prices will be eased next year, and the United States still needs to maintain low interest rates in order to bring the inflation rate back to 2% for a long time.

Data released on Thursday showed that as of the week of September 25, the seasonally adjusted number of initial jobless claims in the United States unexpectedly rose to 362,000, higher than market expectations of 330,000 and higher than the previous value of 351,000. .

The U.S. Congress passed a provisional bill on Thursday to avoid a government shutdown, but as the House of Representatives prepares to vote on the $1 trillion infrastructure bill, President Biden’s agenda is facing another test.

Congressional Democrats and Republicans continue to quarrel over whether to grant the Treasury Department a debt authorization that exceeds the current legal debt ceiling of $28.4 trillion. Treasury Secretary Yellen estimated that if Congress does not take action, the United States may have an unprecedented debt default around October 18.

Standard & Poor's Global Ratings warned on Thursday that if the United States defaults on debt, it will have "serious and extraordinary" consequences for financial markets. However, the agency added that it is expected that the US Congress will eventually resolve the debt ceiling issue in time.

On the daily chart, the price of gold fell below the 38.2% target of the downward (3) wave that started from $1834 at $1744. The market outlook is expected to further drop to the 61.8% target at $1688. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD, and ((Y)) belongs to the adjusted IV wave that started from 2075 USD 5.

On the hourly chart, the price of gold is expected to start a five-wave downward trend from US$1,764. It is expected to fall below the 38.2% target of US$1748, and further drop to the 61.8% target of US$1738. Wave 5 is the sub-wave of (3) Wave.

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