Safe haven demand rebounded, and the US dollar rose on Monday Profit taking triggers a significant rebound in gold prices
On Monday (July 8th), the US dollar index opened slightly higher and then bottomed out and rebounded, hitting the 105 level again, ultimately closing up 0.128% at 105.02.
The US job market is easing, and the US dollar fell last Friday Gold surged significantly, approaching the $2,400 integer barrier resistance
Last Friday (July 5th), the US non farm payroll report further highlighted the cooling of the labor market, enhancing the expectation of the Federal Reserve cutting interest rates in the coming months
US holidays limit market volatility Pay attention to the performance of non farm payroll data in the United States for June tonight
​On Thursday (July 4th), the US dollar index continued to fall towards the 105 level, ultimately closing 0.179% lower at 105.06, a new low since mid June.
Powell's statement is dovish, the US dollar fell on Tuesday Strong job vacancy data in the United States, putting pressure on gold prices
On Tuesday (July 2nd), the US dollar index rebounded to the 106 level and resumed its decline. During the US market, it accelerated its decline and ultimately closed down 0.113% at 105.63.
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