GOLD: The Uncertain Policy Provided Strong Impetus for Gold's Rise
Hello everyone! Today i want to share some macro analysis with you!
1.
Thursday (June 5) Asian morning trading, spot gold narrow range shock, currently trading at 3373.95 U.S. dollars / ounce near.
Gold prices on Wednesday (June 4) rose 0.56% to close at $ 3372.18 per ounce, once climbed 1% to $ 3384.52 during the session.
The unstable global economic environment, especially the unexpected contraction of the U.S. service sector, low employment data and the impact of the Trump administration's new tariff policy, provided strong impetus for gold's rise.
2.
After a wave of rise, gold failed to continue to hit 3400!
But I firmly believe that it will break through 3400 US dollars/ounce before the release of NFP data on Friday!
Trading direction tomorrow, Thursday: Bullish! Continue to maintain the main buying! $XAU/USD(XAUUSD.FOREX)$
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