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9.5黄金原油晚间走势分析
Sou Hu Cai Jing·2025-09-05 09:48

Group 1 - The core viewpoint of the articles revolves around the upcoming U.S. non-farm payroll report, which is expected to confirm a weak labor market, with economists predicting an addition of 75,000 jobs in August, slightly above July's 73,000 [1] - The unemployment rate is anticipated to rise from 4.2% to 4.3%, marking the highest level since 2021, while average hourly earnings are expected to remain flat month-over-month and slow down year-over-year from 3.9% to 3.7% [1] - A "sweet spot" for non-farm payroll data is identified, where the figures should be weak enough to justify a Federal Reserve rate cut but not so weak as to heighten recession fears, which could influence stock market reactions [1] Group 2 - The gold market is closely watching the non-farm payroll report, as weak employment data could reinforce rate cut expectations from the Federal Reserve, thereby supporting gold's safe-haven demand [1] - If the employment data exceeds expectations, gold may face increased pressure, suggesting a strategy of buying on dips in the current environment [1] - The recent increase in new unemployment claims has further supported the expectation of a Federal Reserve rate cut, which is also impacting oil prices, leading to a bearish outlook on crude oil [2]