Core Viewpoint - Gold prices have retreated due to strong U.S. employment data, but are expected to record a slight increase for the week overall [1] Group 1: Employment Data Impact - Strong U.S. labor market data has diminished expectations for interest rate cuts in the short term, putting pressure on gold [1] - The number of initial jobless claims in the U.S. has decreased for six consecutive weeks, marking the longest streak of decline since 2022 [1] Group 2: Market Sentiment - Optimism regarding trade prospects is shifting investor sentiment towards risk assets, which is suppressing demand for safe-haven assets like gold [1] - Despite existing uncertainties, the overall investor mood is gradually moving away from gold [1]

Core Viewpoint - The U.S. stock market is experiencing significant gains, with major indices reaching new historical highs, driven by strong corporate performances and investor optimism regarding potential monetary policy changes [1][3][4]. Market Performance - On July 10, the Dow Jones increased by 0.43% to 44,650.64 points, the S&P 500 rose by 0.27% to 6,280.46 points, and the Nasdaq gained 0.09% to 20,630.66 points, marking consecutive days of record highs [4]. - Nvidia's stock price rose by 0.75%, achieving a market capitalization of over $4 trillion, making it the first company to reach this milestone, surpassing the total market value of the UK stock market [4]. - Tesla's stock increased by 4.73%, following CEO Elon Musk's announcement of plans to expand its Robotaxi service in California [4]. Analyst Predictions - Analysts from major investment banks, including Goldman Sachs and Morgan Stanley, are optimistic about the U.S. stock market, with Goldman Sachs raising its year-end target for the S&P 500 from 6,100 to 6,600 points [5]. - Morgan Stanley forecasts potential inflows of $500 billion into the U.S. stock market in the second half of the year, which could lead to a 5% to 10% increase in the S&P 500 by year-end [5]. Economic Indicators - Initial jobless claims in the U.S. fell to 227,000 for the week ending July 5, lower than the expected 235,000, indicating a tightening labor market [8]. - However, continuing claims rose to 1.97 million, the highest level since late 2021, suggesting challenges for those seeking employment [8]. - Overall, the labor market data is stronger than expected, which may reduce the likelihood of immediate interest rate cuts by the Federal Reserve [9].

Core Viewpoint - The article emphasizes the importance of monitoring the U.S. labor market data as it may influence the timing of the Federal Reserve's interest rate cuts, which could impact gold prices significantly [1] Group 1 - The focus is on the U.S. labor market data and its potential implications for the Federal Reserve's monetary policy [1] - There is uncertainty regarding the timing of interest rate cuts by the Federal Reserve, which is crucial for market participants [1] - The article suggests that gold may find support around the level of 3320, indicating a potential price point to watch [1]

Group 1 - The core viewpoint of the articles highlights the rising gold prices driven by a weakening dollar and increasing uncertainty surrounding U.S. trade agreements, alongside expectations of interest rate cuts by the Federal Reserve [1][2] - Gold price reached $3339.29 per ounce, marking a 1.11% increase, the highest in three trading days, reflecting the unique appeal of gold in the current market environment [1] - The market anticipates three interest rate cuts by the Federal Reserve this year, each by 25 basis points, which has intensified bullish sentiment towards gold [2] Group 2 - Investors are closely monitoring upcoming labor market data, particularly the non-farm payroll report, which will significantly influence the Federal Reserve's monetary policy decisions [2] - Technical analysis indicates that gold prices have been in a bullish trend, with potential upward movement towards $3400 if certain support levels hold [3] - The possibility of a bearish trend exists if gold prices fall below key support levels, which could lead to a decline towards $2500 or lower, although this scenario is currently deemed unlikely due to expected interest rate cuts [3]