张尧浠：强劲非农削弱降息预期、金价周尾维持震荡上行

Core Viewpoint - Strong non-farm payroll data has reduced expectations for interest rate cuts, yet gold prices remain stable and are expected to rise further due to central bank buying and geopolitical factors [1][5]. Price Movements - Gold opened at $5027.38 per ounce, reached a high of $5119.05, then fell to a low of $4964.04, ultimately closing at $5084.54, with a daily range of $155.01 and a gain of $57.16, or 1.14% [3]. - The market is currently digesting the strong U.S. employment report, with gold prices expected to maintain bullish support above key levels [3]. Economic Indicators - Despite strong non-farm data, it only delays the interest rate cuts rather than ending the cycle, with upcoming unemployment claims and CPI data expected to influence gold prices [5]. - The market remains skeptical about the sustainability of the strong employment data due to potential government shutdown impacts on future reports [5]. Technical Analysis - Weekly charts indicate that gold prices have rebounded above the 5-10 day moving averages, suggesting a potential for further strength [7]. - Daily charts show a reduction in volatility but maintain an upward trend, with key support levels identified [7]. - Monthly charts indicate that gold remains within a new bullish trend, suggesting continued upward movement or consolidation before further gains [8]. Silver Price Levels - Silver support levels are noted at $82.00 and $80.65, with resistance at $86.35 and $88.45 [9].