The latest non-farm payroll employment data shows that the number of jobs is only 22,000, which not only falls short of the previous value but is also more than 50,000 below expectations. This data reflects the current weakness in the job market and suggests that a rate cut may be needed to stimulate the economy.
This result undoubtedly benefits gold and US stocks. However, considering the current economic situation, the likelihood of a significant interest rate cut of 50 basis points in September remains low. Even a small rate cut of 25 basis points may have very limited effects.
From the perspective of short-term market fluctuations, this may be a test for bearish investors. To seize opportunities in such a market, one needs to maintain patience and determination. Until gold prices break through $114 per ounce or the S&P 500 index surpasses 4550 points, it remains wise to maintain a bearish outlook for gold at $113 per ounce or the S&P 500 index at 4480 points.
The weak performance of current economic data has once again sparked speculation in the market regarding the direction of the Federal Reserve's monetary policy. Investors need to closely monitor subsequent economic indicators and statements from Federal Reserve officials to more accurately assess future interest rate trends and their impact on various assets. At the same time, it is important to be wary of potential short-term fluctuations brought about by market sentiment and to implement effective risk management.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
6
Repost
Share
Comment
0/400
DaisyUnicorn
· 3h ago
The sunflower waiting for the sweet dew of interest rate cuts is finally here~ Should the flower of gold prices bloom now?
View OriginalReply0
SmartContractWorker
· 09-05 13:47
Finally starting to cut interest rates?
View OriginalReply0
GasFeePhobia
· 09-05 13:46
The days of a Bear Market are really hard to bear...
View OriginalReply0
ForkMaster
· 09-05 13:45
Three little ones are calling for food. Let's Be Played for Suckers again tomorrow~
View OriginalReply0
LuckyHashValue
· 09-05 13:40
Continue shorting.
View OriginalReply0
0xLuckbox
· 09-05 13:38
Gold long positions, what are you waiting for? It's about to da moon.
The latest non-farm payroll employment data shows that the number of jobs is only 22,000, which not only falls short of the previous value but is also more than 50,000 below expectations. This data reflects the current weakness in the job market and suggests that a rate cut may be needed to stimulate the economy.
This result undoubtedly benefits gold and US stocks. However, considering the current economic situation, the likelihood of a significant interest rate cut of 50 basis points in September remains low. Even a small rate cut of 25 basis points may have very limited effects.
From the perspective of short-term market fluctuations, this may be a test for bearish investors. To seize opportunities in such a market, one needs to maintain patience and determination. Until gold prices break through $114 per ounce or the S&P 500 index surpasses 4550 points, it remains wise to maintain a bearish outlook for gold at $113 per ounce or the S&P 500 index at 4480 points.
The weak performance of current economic data has once again sparked speculation in the market regarding the direction of the Federal Reserve's monetary policy. Investors need to closely monitor subsequent economic indicators and statements from Federal Reserve officials to more accurately assess future interest rate trends and their impact on various assets. At the same time, it is important to be wary of potential short-term fluctuations brought about by market sentiment and to implement effective risk management.