GOLD: Continue to Fall?
Hello everyone! Today i want to share some macro analysis with you!
$Gold - main 2412(GCmain)$ Wednesday (September 4) early in the Asian market, spot gold narrow range oscillation, currently trading at 2494.08 near.
Gold prices hit a more than one-week low of 2473.36 during Tuesday's trading, pressured by the firm dollar, however, the U.S. ISM manufacturing PMI data performed poorly, dragging down U.S. bond yields plummeted, giving support to the gold price, the gold price late in the day narrowed to 0.26% to close at 2492.89.
Investors are waiting for the U.S. non-farm payrolls data, which may determine the Federal Reserve's September policy meeting could be the size of the rate cut.
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