XAUUSD:Events that affect the price of gold
It mainly focuses on the following events that affect the price trend of gold
1. U.S. debt negotiations, the current debt negotiations still have not reached an agreement, there are major differences, so that the market is worried about the risk of default, so as to short-term hedging and more gold, but obviously the agreement will be reached with a high probability, the risk of default is eliminated, which will be good for the dollar and bearish for gold.
2. The release of non-farm payrolls, last month's non-farm payrolls data unexpectedly increased, bearish gold, and this month's expected value in 180,000 people, from 25.3 to 18 is extremely likely, after all, 180,000 population is a new low in two years, which is unlikely, so the release value, I think it will be greater than the expected value of 180,000 people, thus bearish gold.
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