6月9日晨间早报

Market Overview - Spot gold fell by 1.27% on Friday, closing at $3309.47 per ounce, marking a near three-week low; COMEX gold futures dropped 1.31% to $3331.00 per ounce [1] - The U.S. non-farm payroll data for May exceeded expectations with an increase of 139,000 jobs, compared to the forecast of 126,000, while the unemployment rate remained steady at 4.2%, diminishing the likelihood of a Federal Reserve rate cut [1] - Market expectations for a September rate cut decreased from 88% to 60%, leading to a stronger dollar and rising 10-year Treasury yields, which suppressed gold's safe-haven demand [1] Gold Market Dynamics - On Monday, gold exhibited a downward trend, following several consecutive red candlesticks after an initial green candlestick, indicating a prevailing selling pressure [2] - The opening price was $3312.23, with a peak at $3321.16, reflecting a gradual decline in price [2] Currency Market Insights - The U.S. Dollar Index (DXY) showed some volatility on Friday, opening at 98.74, and remained in a fluctuating state, having previously touched a near 32-day low [4] - The market is closely monitoring the non-farm payroll data for further direction on the dollar's trajectory [4] Employment Data - The ADP report for May revealed an increase of 275,000 jobs, significantly surpassing the market expectation of 180,000, indicating robust demand for labor, particularly in the service and manufacturing sectors [5] Eurozone Economic Indicators - The final value of the Eurozone's May Services PMI was revised down to 53.2 from an initial 53.5, indicating a slowdown in growth despite remaining above the neutral level of 50 [6] - Weak new order growth and declining business confidence in Germany (PMI at 52.1) and France (PMI at 53.7) raise concerns about the overall economic recovery in the Eurozone [6] Federal Reserve Economic Assessment - The Federal Reserve's Beige Book reported moderate economic growth in the U.S. from mid-April to late May, with easing labor market tightness and stable consumer spending, although manufacturing activities face challenges [7] - Overall price pressures are easing, with most regions reporting a slowdown in cost increases [7]