Analysis: If tonight's non-farm payroll data is strong, it will raise interest rate expectations, benefit the US dollar, and put pressure on gold.
According to Odaily, the key to tonight's Non-Farm Payrolls lies in its impact on subsequent interest rate cut expectations: if the data is strong, especially if wages heat up, it will push up interest rate expectations, benefiting the US dollar and putting pressure on gold; if the data is weak, it will strengthen rate cut pricing, causing the US dollar to weaken and gold to benefit; if employment cools but wages remain firm, market divergence will increase, resulting in a resilient US dollar and high volatility in gold. (Golden Ten Data)
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