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The weak dollar pushes up gold prices, and non-agricultural data may help gold rise
2025-05-02 12:27

Odaily News Gold futures rose in light trading as the dollar and U.S. Treasury yields fell, but fell overall this week due to Thursday's sell-off. SP Angel analysts reported that ETF outflows showed that traders had taken profits after gold rose 21% this year. The easing of trade tensions and Trump's remarks that he would not fire Powell weakened the appeal of gold. The market is paying attention to Friday's non-farm data. If the data is lower than expected, it may boost expectations of a Fed rate cut, which is good for interest-free gold. (Jinshi)