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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Analyst: The non-farm report is enough to make the Federal Reserve (FED) change its dovish stance, so the fall in gold prices is limited.
Jin10 data reported on July 5th, XS.com analyst Linh Tran stated in a report that the non-farm report did not indicate an overheating economy, but rather showed a relatively stable rise rate. This is not sufficient to force The Federal Reserve (FED) to reconsider its dovish stance on monetary policy, which is also the reason why gold prices did not fall further.