Analysis: The weak dollar pushes up gold prices, and non-agricultural data may help gold rise

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ODAILY
05-02
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Planet Daily News: Due to the decline in the US dollar and US Treasury yields, gold futures rose in thin trading, but overall fell this week due to selling on Thursday. SP Angel analyst reports show that ETF fund outflows indicate that after gold rose 21% this year, traders have taken profits. Easing trade tensions and Trump's comments about not firing Powell have weakened gold's appeal. The market is focusing on Friday's non-farm payrolls data, and if the data is below expectations, it may boost expectations of Federal Reserve rate cuts, which would be favorable for non-interest-bearing gold. (Jinshi)

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