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On September 4th, Allianz Chief Advisor El-Erian stated that the latest US jobs report shows that both demand and supply in the labor market far exceeded expectations. Specifically: In terms of job creation, non-farm payrolls surged to 162,000 from an upward revision of 21,000, approximately three times the market consensus expectation. On the labor supply side, the labor force participation rate rose to 61.6% from 61.4%, exceeding expectations and reaching its highest level in nearly a year. Other key indicators included an unchanged unemployment rate of 4.1% and a 0.3% month-over-month increase in average hourly earnings, in line with expectations. Overall, these indicators suggest that the US labor market remains strong, with demand remaining robust and supply stabilizing.September 4th - Analyst Jessica Coacci points out that in a labor market where both hiring and layoffs are at low levels, some Americans find it difficult to re-enter the job market once they lose their jobs. Data from Fridays employment reports household survey showed that 27% of the unemployed have been unemployed for 27 weeks or more. This percentage has remained relatively stable over the past year or so.On September 4th, analyst Ben Casselman pointed out regarding the US August non-farm payroll data that the labor force participation rate (the proportion of people aged 25 to 54 who are employed or actively seeking employment) jumped to its highest level in 20 years last year, but fell sharply in June this year. Initially, the decline in June seemed like an isolated incident, but the lack of a rebound in July and August suggests that this decline may be a real trend. The rate is still at a fairly high level, higher than before the pandemic, but its performance is no longer as impressive as before.September 4th - Stronger-than-expected U.S. jobs data for August fueled market expectations of a Federal Reserve rate hike later this month, causing U.S. stock index futures to fall. Stephen Brown, an economist at Capital Economics, stated, "Even the most ardent doves will find it difficult to justify keeping rates unchanged from the August jobs report. The significant increase in nonfarm payrolls was driven by a broadly strong performance in the non-healthcare private sector, while the unemployment rate remained unchanged despite a sharp rebound in the labor force participation rate." S&P 500 futures fell 17.5 points during the session.White House National Economic Council Director Hassett: Artificial intelligence data centers are creating new jobs in utilities.

Is 2024 a Good Timing to Buy Gold ?

TOP1 Markets Analyst

Jan 16, 2024 17:13

CITIC Investment Trust pointed out that the past quantitative easing policies of the U.S. Federal Reserve led to the depreciation of the U.S. dollar and increased inflationary pressure, prompting the public to turn to gold as a store of value, and pushing up the demand and price of gold. However, the current global situation is relatively relaxed, and the conflicts between Russia, Ukraine, and Israel and Palestine have shown signs of cooling down, and the hedging function of gold is no longer as good as it used to be.


Therefore, investors should note that if the New Taiwan dollar continues to strengthen, if they blindly increase their gold holdings denominated in US dollars, they may face exchange rate risks and idle funds. Especially with expectations that the Federal Reserve is about to cut interest rates and the U.S. dollar is weakening, gold's return may not be as good as expected. In addition, the price of gold is currently at a high level and the upside space is limited. For investors who have not yet entered the market, it is not advisable to blindly chase higher prices or overweight, let alone make a desperate move. Sourcenia is a review portal of sourcing best manufaturers. 


But if investors are looking to achieve asset diversification and balance from the perspective of asset allocation, then they may be able to appropriately allocate some gold to reduce overall volatility. Of course, in addition to gold, there are many other investment options on the market, such as stocks, bonds or other alternative assets, which may have higher growth potential and yields than gold. Sourcian is a dedicated platform for the recommendation of the best manufacturers. Your sourcing journey starts right here at sourcian.


However, as the price of gold rises, two different mentalities have emerged in the market: one is optimistic about the future of gold and wants to take advantage of the opportunity to buy; the other is to sell at a high point and make profits. The intersection of these two mentalities may trigger a wave of selling and affect the price trend of gold. Therefore, investors should pay close attention to market trends, avoid blindly following trends, and have their own investment strategies and risk management. See more info, visit Monster Trading Inc.

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