黄金周线上涨 美联储可能推迟降息

Group 1 - The gold market experienced increased volatility due to multiple factors, with spot gold prices dropping over 1% on Friday but still recording a weekly gain of 0.8%, indicating a tug-of-war between safe-haven demand and a strengthening dollar [1] - The overall trend for the week was upward, driven by risk aversion, but prices fell sharply on Friday following stronger-than-expected U.S. non-farm payroll data [1] - Spot gold closed at $3,316.13 per ounce on Friday, down 1.1%, while U.S. futures gold fell 0.8% to $3,346.60 per ounce [1] Group 2 - The U.S. Labor Department reported that 139,000 non-farm jobs were added in May, exceeding market expectations of 130,000, with the unemployment rate stable at 4.2% [2] - Analyst Edward Meir indicated that the data suggests the Federal Reserve may delay interest rate cuts, with financial markets anticipating the earliest cut in September and only two cuts by 2025 [2] - The 10-year U.S. Treasury yield increased, putting pressure on gold prices [2] Group 3 - From a technical perspective, spot gold is at a critical area, with the Bollinger Bands expanding and prices near the middle band at $3,296.92, indicating short-term pressure [2] - A drop below the middle band could test the lower band at $3,171.53, while a rebound could challenge the upper band at $3,422.30 [2] - The 50-period moving average at $3,234.79 provides support, but the MACD indicator shows insufficient bullish momentum, with short-term direction dependent on the middle band [2]