XAUUSD: Slight increase then decrease

已更新
Gold dropped 1% and hit a three-week low on Tuesday as the dollar firmed after relatively solid data on U.S. manufacturing and construction offset a decline in job openings to the lowest level in more than two years in June.

The focus remains on Friday’s non-farm payrolls report for July, a key barometer of the health of the U.S. economy.

U.S. central bankers have expressed hope they can beat inflation without cratering the job market, though they also said doing so will require keeping rates high for some time.

ANZ analysts said shifting expectations around Fed’s terminal rate could cap gold’s upside in the near term after the U.S. central bank kept the door open for another hike in September.

Higher interest rates raise the cost of holding gold, which yields nothing and needs money to store and insure.

In other metals, spot silver eased 0.1% to $24.31, platinum dropped 0.8% to $923.52 and palladium fell 0.9% to $1,228.64.

XAUUSD SELL LIMIT 1962 - 1964

TP1: 1958
TP2: 1950

SL: 1970
注释
Gold edges up in Asia morning trade, reversing overnight declines in a possible technical rebound. In focus is a rise in Treasury yields and a stronger dollar following a U.S. credit downgrade from Fitch as well as better-than-expected jobs data
注释
The precious metal was under pressure as the ADP report showed that the number of jobs in the private sector increased sharply in July. Specifically, there were 324,000 jobs created last month. The data significantly beat economists' expectations that about 191,000 would be generated. Newly released numbers showing the health of the job market continue to support expectations that the US Federal Reserve (FED) will continue to raise interest rates more.
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