美国非农就业数据公布在即 黄金价格将维持强势？

Core Viewpoint - Gold prices have shown a strong upward trend, reaching historical highs in September and October, followed by a brief correction but maintaining an upward trajectory thereafter [1] Group 1: Market Dynamics - In November, global physical gold ETF inflows reached $5.2 billion, marking six consecutive months of inflows [1] - The Federal Reserve's decision to lower interest rates to a range of 3.50% to 3.75% has reduced the opportunity cost of holding gold, supporting its price [1] - Increased demand for safe-haven assets and ongoing central bank purchases of gold are reinforcing a high volatility and upward price trend in the gold market [1] Group 2: Employment Data Impact - The U.S. Labor Department is set to release November non-farm payroll data, which was delayed due to a government shutdown [1] - Previous employment data indicated a deterioration in the labor market, but initial unemployment claims suggest a stable hiring environment [2] - The upcoming non-farm payroll data is expected to have a limited impact on gold prices, as the market has already priced in the recent interest rate cut [1][2] Group 3: Long-term Outlook - Long-term factors driving gold prices include global central bank de-dollarization and ongoing geopolitical conflicts [2] - The market anticipates a further weakening of the U.S. dollar index, which could support gold prices [2] - Despite gold prices hovering around $4,000 per ounce, there is no significant panic selling, indicating low bearish sentiment [2] - The current market trend favors buying on dips, with expectations of continued central bank gold purchases and a favorable long-term outlook for gold prices [3]