Group 1 - The U.S. non-farm payroll data for May showed an increase of 139,000 jobs, slightly better than the market expectation of 130,000 [2] - The unemployment rate remained stable at 4.2%, consistent with market expectations and previous values [2] - Average hourly wages increased by 3.9% year-on-year, surpassing the previous value of 3.8% and the expected 3.7%, indicating a resilient job market [2] Group 2 - Global geopolitical tensions have eased somewhat, with reduced likelihood of escalation in the Russia-Ukraine conflict as both sides show willingness to negotiate [3] - In the Middle East, there are positive signals regarding a potential permanent ceasefire between Hamas and Israel, and a revival of the U.S.-Iran nuclear deal [3] - The market has developed a degree of immunity to geopolitical conflicts, which has diminished the appeal of gold as a safe-haven asset [3] Group 3 - Tariff issues remain a key factor influencing gold price movements, with significant progress made in U.S.-China tariff negotiations [4] - The initiation of a second round of talks between U.S. and Chinese leaders indicates that the most severe phase of the trade war may be over [4] - The impact of tariff factors on the gold market is gradually weakening, suggesting a potential "tail-end" market phase for gold [4] Group 4 - The U.S. dollar is expected to depreciate due to rising domestic debt and the loss of dollar credibility from tariff policies, establishing a solid foundation for a long-term bull market in gold [5] - In the short term, while geopolitical tensions are entering a negotiation phase, there is a lack of upward momentum for gold prices, and investors should be cautious of potential price corrections [5] - Technically, gold prices are expected to maintain a range adjustment between $3,200 and $3,400 in June, with a prevailing bullish trend [5]
【百利好非农报告】非农依旧坚挺 金价难逃震荡
Sou Hu Cai Jing·2025-06-10 06:56