Non-agricultural upset drives gold's resonance rebound, policy turning point needs to be finally verified by CPI
- 2026-08-10
- Posted by: CD Markets
- Category: financial news
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U.S. non-farm employment unexpectedly decreased by 23,000 people in July, expectations for a September interest rate hike plummeted from 55% to 44%, and gold soared by more than 7% in a single week, the largest gain in half a year. CD Markets has judged that seasonal disturbances and the weakening margin of employment have broken unilateral expectations, and derivatives and institutional funds have returned simultaneously, but the sustainability of the market is highly dependent on next week's CPI data.
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