Gold prices have reached record highs recently, and some market participants believe that,A tactical pullback may be on the horizon and see it as an opportunity to add positions.However, UBS released a report saying that although the overall bullish outlook for gold is solid, the market may need to catch its breath.UBS analyst JoniTeves pointed out in the report that the consolidation period at this time is beneficial to the market, especially if it allows some weak bulls to exit the market and allows long-term investors to enter the market at a better level.Generally speaking, September is a relatively low season for gold prices.Because during this month, the dollar tends to perform strongly, yields rise, and the stock market performs weakly.However, this year's situation is different. Th

A growing number of Wall Street economists are warning that,The Federal Reserve has waited too long to reverse course after raising interest rates to their highest point in two decades.At present, the market generally expects that the FOMC will keep the benchmark interest rate stable for the eighth consecutive time at its July meeting, which marks one year since the FOMC has maintained the current interest rate target range of 5.25% to 5.5%.However, for September, the market has unanimously expected that this is the most likely time node for the Federal Reserve to cut interest rates.I once mentioned that Federal Reserve Chairman Powell's dovish stance actually means that the Federal Reserve has given up its 2% inflation target, and interest rate cuts are already the next event with a high

With the publication of comments from two important Fed directors overnight, the market speculation that the Fed will cut interest rates in 2024 is more intense.First,Governor Waller, one of the Fed's toughest officials, said that the policy is in place to return the inflation rate to the Fed's target of 2%, indicating that policy makers may not need to rate hike again.Second,Bowman, another Fed governor, said she is still willing to support rate hike if inflation stagnates, but did not express her support for next month's rate hike.It should be said that the speeches of the above-mentioned two directors with permanent voting rights are dovish and hawkish, and the market directly interprets them as all dovish,That is to say, the Federal Reserve has recognized the cowardice and can't bear i

According to the forecast of 23 large investment banks, the increase of non-farm payrolls in the United States is expected to be between 150,000 and 240,000, the unemployment rate is expected to be between 3.6% and 3.9%, and the average hourly wage is expected to increase at an annual rate of 4.3%-4.4%.The final data showed that the number of non-farm payrolls in the United States increased by 336,000 in September, the largest increase since the beginning of this year.Far exceeding the expected 170,000, the value was 187,000 in early August.What is even more exaggerated is that the employment data of the previous two months has also been greatly revised upwards: the number of new people in August was revised up by 40,000 to 227,000; The number of new people in July was greatly revised from

Many important things happened over the weekend, including the agreement in principle on US debt, the normal operation of the domestic large aircraft C919 COMAC, and the release of the Turkish election results.Since the European and American financial markets are closed for holidays, the closure also means that the EIA related to crude oil fluctuations and the small non-agricultural ADP data related to gold fluctuations are released on Thursday instead of Wednesday,The highlight of Wednesday is the second step."Referring to the script of one, two and three steps, reaching a principled agreement on debt over the weekend is actually equivalent to realizing the first step. Of course, due to the closure of European and American financial markets, the real volatility has not been released. If t

At 20:00 on May 5, Beijing time, the US Department of Labor released the April non-agricultural employment report, which was also the first non-farm report after the Federal Reserve decided to rate hike by 25 basis points in May.Before the data was released, the futures market expected the probability that the Fed would keep interest rates unchanged in June to be 99.1%.According to the data,In April, 253,000 new non-farm jobs were created in the United States, much higher than the expected 185,000, setting a record of exceeding expectations for the 12th consecutive month.PictureMeanwhile, the unemployment rate in April was 3.4%, which was lower than the previous value of 3.5% and the expected 3.6%.It hit a 53-year low set in January this year again.In addition, wage growth continued to acc