GC2608 (Gold - Aug 2026)
Please go to Tiger Trade for futures detailsDownload APP

Weak Nonfarm, Fading Rate Hike Bets — Is Gold Ready for a Rebound?

The start of each month is usually the key window for the release of the U.S. non-farm payrolls (NFP) data, so at the beginning of every month many people tend to see sizable swings in their investment accounts. This is because the NFP data often reshapes the market's expectations for the future economy, which in turn changes the price direction of related financial products. Last week's NFP data came in contrary to market expectations: the market had originally anticipated a figure of more than 100,000 new jobs, but the actual result was an increase of only 57,000. A slowdown in job gains indicates that the economy is not as “hot” as expected, which reduces the necessity for the Federal Reserve to raise interest rates. As a result, since the data was released, the market has sharply lower
Weak Nonfarm, Fading Rate Hike Bets — Is Gold Ready for a Rebound?