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[9.7 Zhishui Precious Metals Morning Review] non-agricultural data are slightly better than expected and precious metals may continue to decline today.
Sep 7,2020 08:12CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM9 March 7: I. Macroeconomic policy changes:

1. Us non-farm payrolls rose by 1.371 million in August and are expected to increase by 1.35 million; the unemployment rate is 8.4 per cent and is expected to be 9.8 per cent; and wages are expected to grow at an annual rate of 4.7 per cent and 4.5 per cent.

two。 Market performance:

Gold rose slightly in the previous session, with a high of $1947 / oz and a low of $1916 / oz to close at $1933 / oz.

three。 Position analysis:

Gold and silver CFTC non-commercial net long positions are in the middle and high level, and the risk of long positions is gradually accumulating.

Fourth, technical analysis:

5. Focus on Today

Six. direction suggestion:

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