By the U.S. employment data may be better than expected and the Greek prime minister confidence vote not sure influence, gold prices on Friday may volatile finishing movements. If the employment data better than expected, certainly will push the dollar index go up, which will be difficult to support gold prices continued to rise, gold prices will under the pressure.
On Thursday, the European central bank beating market expectations, cut the benchmark interest rate by 25 basis points to 1.25%, low interest rates is pushing up the market for inflation expectations, and reveal the raise of the function of gold, and in the U.S. have further loose expect, hold of the overall cost of gold is expected to further reduce. The Greek government may give up referendum, while European leaders first discussed the Greek may quit the euro zone, makes a hedge in high spirits. In DuoZhong boosted profits element, COMEX12 months gold rose more than 2%, at 1765.10 dollars, a seven largest one-day increase trading days. Spot gold also receive a root take the sun arises expected line, or 1.62%.
However, in good dominant position, some hidden factors also nots allow to ignore. Gold prices by a high and uncertainty effects, Asia's real slowing demand, especially India in India after diwali spot gold demand abating. Standard bank gold spot flow index in the November 1 fall below zero, this since August for the first time, means that the spot cast dish has started more than buying. So hard to spot buying support high price of gold. In addition, a weak stock market also may make investors selling gold to meet the margin requirements of the stock market. Many hedge funds, and hold shares held in gold, they often is in the edge of a clearance was forced to, if the stock market will remain low, gold will probably following its lead.
On Friday, market mainly concerned about the United States and Greek prime minister non-farm payroll data the trust of the referendum. Beijing time played on Friday, the U.S. labor department will be released on October the non-agricultural data, the American economy is improving should see the key data can consistently improved, September non-farm payroll data than the previous two months increased significantly boost investor confidence, investors will focus on October whether the data will also be surprise. The market is the U.S. is expected to October non-farm payroll increase of 95000 population, after September increase of 103000. The unemployment rate for four months is expected to remain at 9.1% level. In the short term, if the United States employment and unemployment data non-farm better than expected, it will further easing the market for economic recovery worries about slowing, will give some support to risk assets. And in the long run, the U.S. job market improve will reduce the FED (FED) introduce more loose the necessity of the measures, so as to give some support to dollars. And released Wednesday ADP employment data and early last week for the number of unemployment are better than expected, the market is widely expected the non-agricultural data or will be better than expected. This will give the gold price movements on Friday to bring a lot of pressure.
Greece's prime minister PaPanDeLiOu says, will be held on Friday the congress vote of confidence is crucial, and all problems can be and opposition to negotiate. If PaPanDeLiOu won the vote, that will mean that the eu's relief plan will be carried out, mean that the printing more money, make debt monetized, this will boost gold and other market. If confidence vote failed, investors may seek dollars, the United States Treasury bonds and German bunds hedge, and sell including gold, other assets. But the ruling party of the Greek internal divisions over the market PaPanDeLiOu doubt whether the confidence vote on Friday.




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