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Chart: Speculative Sentiment Index on Tuesday, May 26, 2026As of 8:30 AM Beijing time, spot platinum was down 0.27% and spot palladium was down 0.76%.On May 26, U.S. financial markets resumed trading after a holiday break, with U.S. Treasury yields falling across the board as investors became more optimistic about a possible U.S.-Iran deal. The yield on the two-year U.S. Treasury note fell 7 basis points to 4.05%, the ten-year yield fell 7 basis points to 4.49%, and the thirty-year yield fell 5 basis points to 5.02%. This followed President Trumps statement that negotiations with Iran on an interim agreement to extend the ceasefire and reopen the Strait of Hormuz were "progressing well." Abbas Keshwani, head of Asia macro strategy at RBC Capital Markets in Singapore, said, "Given the previous dashed hopes for a deal, the market will remain cautious. However, progress in negotiations could lead to further declines in energy prices and inflation expectations, thereby depressing yields."Canadian Prime Minister Mark Carney: We are negotiating a free trade agreement with India. This will bring significant changes to Canadian workers and businesses, opening up a huge new market.On May 26, Liu Xiaoming, Governor of Hainan Province, visited Hainan Data Industry Service Co., Ltd. on May 25 to investigate the construction of cross-border computing power facilities, inspect the online operation of the "Hainan Provincial Computing Power Monitoring and Dispatch Platform," and chair a research symposium. Liu Xiaoming pointed out that it is necessary to focus on green and low-carbon development, deepen the synergy between computing and electricity, promote direct green electricity supply, green electricity substitution, and energy-saving and carbon-reducing transformation, and solidify the energy security foundation for the high-quality development of the computing power industry with a stable, green, inexpensive, and reliable power supply, achieving a virtuous cycle of "strengthening computing with electricity and promoting electricity with computing."

Gold Price Prediction: XAU/USD struggles to extend gains on encouraging ADP Employment data from the United States

Daniel Rogers

Jan 06, 2023 11:12

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After falling to almost $1,825.00 during the late New York session, the gold price (XAU/USD) has tried a recovery. The precious metal is battling to continue its rebound as robust United States Automatic Data Processing (ADP) Employment Change data has prompted the risk of the Federal Reserve (Fed) maintaining higher interest rate stability for an extended duration.

 

S&P500 suffered a major sell-off from the market participants, displaying a risk-aversion theme, as bigger additions of fresh payrolls in the United States job market will require the Fed to sustain its aggressive position on interest rates for a longer term. This has also caused a possibility of recession in the US economy. The Employment Change (Dec) jumped to 235K in contrast to the predicted 150K and the previous release of 127K. In addition, the weekly Initial Jobless Claims (IJC) have decreased to 204K compared to the expected 225K.

 

The US Dollar Index (DXY) achieved a roaring rally after sustaining above the important resistance of 104.00 and rose to reach 105.00. In addition, 10-year US Treasury yields detected demand and rose to approximately 3.72 percent.

 

Investors will closely monitor Nonfarm Payrolls (NFP) data on Friday. After noticing optimistic signals from ADP Employment Change, it is quite likely that the US NFP will report data that exceeds expectations. The unemployment rate is expected to remain unchanged at 3.7%.


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