Core Viewpoint - Weak non-farm payroll data may act as a catalyst for significant interest rate cuts by the Federal Reserve, putting downward pressure on the US dollar while potentially supporting US stocks. Conversely, strong non-farm data could undermine rate cut expectations, leading to market volatility [1]. Summary by Categories Non-Farm Payroll Performance - Non-farm payroll additions below 75,000 are expected to strengthen the likelihood of a 25 basis point rate cut, with a potential increase to 50 basis points [2]. - An unemployment rate above 4.3% would reinforce the expectation of a 25 basis point cut, while a rate below 4.3% would weaken this expectation [2]. - Year-over-year average hourly earnings growth below 3.7% would support the case for a 25 basis point cut, while stronger growth would diminish rate cut expectations [2]. Impact on the US Dollar - A weak non-farm report would lead to a bearish outlook for the US dollar, while a strong report would result in a bullish sentiment [2]. - The dollar is expected to resume a downward trend with weak data, while strong data may lead to a consolidation phase [2]. Impact on US Stocks - A weak non-farm report is likely to boost stock prices due to lowered rate expectations, while strong data may lead to a bearish outlook for stocks [4]. - The market reaction to a weak report could result in a slight increase in stock prices, while strong data may cause a decline [4]. Impact on Gold - Weak non-farm data is expected to drive gold prices higher, while strong data could lead to a bearish sentiment for gold [4]. - A weak report may push gold prices to new highs, while a strong report could result in a slight decrease in gold prices [4].

Core Viewpoint - The article discusses the volatility of gold prices during the non-farm payroll (NFP) data release, highlighting the dual nature of opportunities and risks for investors in this context [3]. Group 1: Impact of Non-Farm Data on Gold Prices - Non-farm data directly reflects the U.S. economic situation and influences gold price movements: positive data increases expectations for Federal Reserve interest rate hikes, strengthening the dollar and suppressing gold prices; negative data raises risk aversion, providing an opportunity for gold to rise [3]. - The upcoming non-farm data is particularly sensitive as it relates to the Federal Reserve's decision on interest rate cuts in September, potentially triggering significant price movements in gold [3]. Group 2: Advantages of Leading Global Platform - Leading Global offers three core advantages that create a "safety barrier" for non-farm investment: 1. Rapid trading response to lock in key price points, utilizing the MT5 trading system for efficient order execution and 24/7 trading support [4]. 2. Comprehensive strategy support throughout the trading cycle, including pre-release reports on ADP data and unemployment claims, real-time expert analysis during the data release, and post-event summaries to help investors learn from their experiences [5]. 3. Low entry barriers for investment, allowing individuals to start trading gold with as little as 70 yuan, catering to various investment scales, and offering demo accounts for beginners to familiarize themselves with the trading process [6]. Group 3: Trust in Leading Global - A professional gold trading platform is essential for investors to navigate market volatility and achieve returns, with Leading Global's over ten years of experience in precious metals trading providing a stable trading system, professional strategy support, and comprehensive risk control [7].

黄金周四（9月4日）早盘大跌至3511附近，随后回升震荡上涨，欧盘延续上涨，到美盘上涨至3359附近，尾盘震荡，日线收出一根带有长下影线的阴线。 一、基本面 1、金价回调的核心诱因 2、美元、债市与股市的联动影响 美元短期反弹施压黄金：周四美元指数上涨0.16%至98.28，因黄金以美元计价，美元走强降低其对非美货币持有者的吸引力。市场对非农数据高度敏感，高 盛等机构认为数据强弱将直接决定美元后续走势。 债市收益率下滑支撑黄金中长期逻辑：美国两年期和10年期国债收益率分别跌至3.59%和4.167%（四个月低点），收益率曲线趋平，反映市场对降息的强烈 预期（芝商所FedWatch工具显示9月降息概率近100%）。低收益率降低持有黄金的机会成本，利好黄金作为零息资产的吸引力。 股市新高与黄金的"双重博弈"：标普500、道指、纳指周四均创历史新高，科技股表现强劲。股市上涨或分散部分避险资金，但市场对美联储降息的信心仍 支撑黄金中长期走势。 3、今日重点关注数据—非农 今日20:30，美国8月失业率、8月季调后非农就业人口、平均每小时工资年率、月率。市场普遍预期非农报告将显示新增就业7.5万个、失业率升至4.3%， ...

Group 1: Impact of Non-Farm Data on Gold Prices - Non-farm data releases can cause significant volatility in the gold market, with a negative correlation between gold and the US dollar [1] - Strong non-farm data typically leads to a decline in gold prices as it suggests a healthy economic recovery and potential interest rate hikes by the Federal Reserve [1] - Conversely, weak non-farm data indicates economic slowdown, leading to expectations of monetary easing and a rise in gold prices as it becomes a safe-haven asset [1] Group 2: Market Reactions to Non-Farm Data - If non-farm data falls short of expectations but is not entirely weak, the gold market may experience a choppy trading environment, resulting in unclear price direction [2] Group 3: Company Support for Investors - The company, Lingsheng Precious Metals, offers a reliable trading platform that allows investors to quickly observe gold price fluctuations and achieve significant investment results in a short time [3] - As a member of the Hong Kong Gold Exchange, Lingsheng has maintained a leading position for 14 years, providing timely market information and real-time analysis during non-farm data releases [4] - The platform utilizes the globally recognized MT4 trading system, ensuring stability and rapid order execution during volatile market conditions [5] Group 4: Trading Strategies and Risk Management - Lingsheng Precious Metals provides a variety of trading strategies and risk management tools, enabling investors to respond swiftly to market changes following non-farm data releases [6] - The platform supports flexible risk control measures, allowing for low-threshold trading starting from 0.01 lots, which helps investors seize more profit opportunities [6] Group 5: Summary of Non-Farm Trading Insights - Non-farm data not only triggers short-term volatility in gold prices but also influences long-term interest rate decisions, providing directional clues for future price movements [7] - The company emphasizes the importance of making decisive actions in a rapidly changing market, supported by its precise market analysis and advanced trading technology [7]

平台每日推送全球财经快讯，并有资深分析师实时点评非农数据，给予投资者即时参考，避免盲目投 资。 非农数据的波动往往直接牵动着美联储的神经。2025年7月议息会议上，尽管美联储维持利率在 4.25%-4.5%区间，但内部已出现罕见分歧：两名理事投下反对票，要求立即降息。根据数据前瞻显示， 市场或已100%定价9月降息25个基点，甚至不排除50个基点的"补偿性降息"。 2、多空双向交易 黄金的波动往往呈现"先探底再拉升"或"先冲高再回落"的走势。皇御环球支持T+0交易与双向操作，投 资者无论看涨还是看跌，都能及时建仓，充分释放波动价值。 3、实时资讯与专业分析 随着9月5日非农就业报告的临近，黄金市场已进入"非农时间"。本次非农报告不仅关乎美国就业市场健 康状况，更是美联储降息决策的重要参考。历史数据显示，在美联储降息前后，金价上涨概率很高，这 也为投资者提供了难得的交易机会，在此期间，皇御环球黄金交易平台将为投资者提供专业炒黄金服务 与保障。 皇御环球的优势：让黄金投资更有底气 1、高效执行 非农行情瞬息万变，皇御环球黄金交易平台可实现秒级交易，为投资者锁定最佳买入与卖出机会。 与此同时，在非农数据公布前后，投 ...

Group 1 - The market is currently in a Federal Reserve interest rate cut environment, which is the primary factor driving gold prices up, leading to a significant surge on Monday, reaching around 3490 [2] - Following the strong performance on Monday, gold is expected to maintain its upward trend on Tuesday, with a cautious approach to avoid chasing highs [3] - The technical analysis indicates that gold remains in a strong bullish trend, with key resistance at 3502 and support at 3465, suggesting a wait for adjustments before entering long positions [4] Group 2 - Domestic gold prices have surged in line with international market trends, with the Shanghai gold contract reaching a high of 812, indicating a strong bullish sentiment [4] - International silver prices have also shown strength, currently around 40.8, with a key support level at 40, suggesting potential for further upside [4] - The Shanghai silver contract has reached a new high of 9940, with a clear bullish trend, but caution is advised against entering short positions until a peak is confirmed [5] Group 3 - International crude oil prices are expected to continue rising, with support at 62.5 and a target of 68 to 70 if the price breaks above 65 [5] - Domestic fuel oil has also seen an increase, currently at 2860, with expectations of reaching 3000 if the upward trend continues [5]

Group 1 - The core viewpoint indicates that gold prices have been on an upward trend, with a significant increase observed, reaching a peak of $3453 before closing at $3447, marking four consecutive days of gains [1][3] - The recent rise in gold prices is attributed to the Federal Reserve's interest rate cuts, which have created an upward cycle for gold [3] - Technical indicators suggest that the gold market may be overbought, and potential uncertainties over the weekend could lead to price fluctuations [1][3] Group 2 - Short-term support levels for gold are identified at $3439, with strong support at $3432-$3423, while resistance levels are noted at $3454-$3458 and strong resistance at $3466-$3470 [3] - The market is expected to react to upcoming economic reports, including the Federal Reserve's Beige Book and non-farm payroll data, which could push prices towards $3500 [3] - The trading strategy recommended is to focus on buying on dips, with a suggested entry point around $3440 and a target of $3455, while maintaining a stop-loss at $3330 [3]

Core Viewpoint - The USD index remains stable but is highly sensitive to economic data and Federal Reserve policies, reflecting a tug-of-war between policy expectations and economic indicators [1][3]. Economic Data Impact - Employment data significantly influences the USD; recent revisions showed a decrease of 258,000 in non-farm payrolls for May and June, impacting market sentiment [3]. - If September's non-farm data indicates continued employment weakness, expectations for Federal Reserve rate cuts may increase, potentially pressuring the USD [3]. Federal Reserve Policy - Federal Reserve Chairman Powell's dovish remarks at the Jackson Hole meeting suggest that rate cuts remain a possibility amid slowing economic growth [3]. - The market anticipates a 25 basis point rate cut in the September meeting, with some officials suggesting a possibility of a 50 basis point cut if dovish sentiments prevail [3]. Technical Analysis - The short-term resistance for the USD index is identified at 98.45–98.50, with a key resistance zone at 98.80–98.85; a breakthrough could expand upward potential [4]. - Support levels are noted at 98.00–98.05 and more critically at 97.80–97.85; breaking these levels may trigger a technical correction [4]. - The USD is currently exhibiting a range-bound pattern between 98.00 and 98.80, with market volatility expected around key support and resistance levels [4].

来源：张扬超说 今日黄金还将会延续上涨，但是短期之内破位区间的可能性不大。虽然上周五的美联储主席鲍威尔暗示九月降息25个基点的可 能性几乎是板上钉钉，但这在此前的市场预期中已经大幅兑现，因此这对短期的多头可能会产生够劲儿不足。 那么回到当前的盘面，基于上周五见底拉升后的强势格局，今天多头震荡后继续向上运行的可能性较大，上方短期还是要关注 3400以及3430这两个位置。如果破位，上方空间就是一马平川！ 否则还将会重回震荡格局，然后就只能等待下周非农数据的表现了！ 今日盘面来讲，回落等多为主，下方3359以及3350是理想的介入区域，如果日内回落且在此区域构筑小级别底部信号，那么可 以直接入场！ 总体来讲，短期强势格局向上延续，回落等多是今天主要思路！ 当然，如果八月份非农就业能够再次推动黄金向上走一波，那么九月份黄金爆发大单边的可能性会更高！ 总的来讲，现在的黄金如果要打破四个月的震荡周期，还需要有更强劲儿的动能去推动，而一旦区间破位，那么动能和空间也 将是巨大的！ 短期来讲，八月份的非农和失业率将会是市场衡量美联储九月降息力度的依据！ ...

Core Insights - The latest non-farm payroll data significantly impacts the U.S. economy, influencing stock markets, gold, and silver prices [1][3][4] - Strong non-farm data may lead to accelerated interest rate hikes by the Federal Reserve, increasing borrowing costs for companies and potentially pressuring the stock market [1][4] - Conversely, weak non-farm data could ease rate hike pressures, providing support for the stock market [1][4] Impact on Financial Markets - Non-farm data directly affects the U.S. dollar's exchange rate, which in turn influences gold and silver prices [3][4] - Strong non-farm data typically reduces demand for gold as a safe-haven asset, leading to price declines, while weak data increases demand and drives prices up [3][4] - Silver prices are influenced by both safe-haven demand and industrial usage, making them sensitive to economic conditions reflected in non-farm data [3][4] Investment Strategy Considerations - Investors should analyze non-farm data in conjunction with economic outlook, monetary policy, and market sentiment to formulate effective investment strategies [4] - In the current economic landscape, both gold and silver markets present opportunities and risks, necessitating cautious monitoring of market dynamics [4]