Analysis: The non-farm report will not change the Federal Reserve's wait-and-see stance

ChainCatcher news, according to Jinshi Data reports, the non-farm employment data shows that the U.S. economy added jobs significantly exceeding expectations, and the unemployment rate unexpectedly declined, leading to temporary pressure on gold in the previous trading day.

However, XS.com analyst Linh Tran stated in a report that this report does not indicate an overheating economy, but rather shows a relatively stable growth rate. Tran mentioned that this is not enough to force the Federal Reserve to reconsider its wait-and-see stance on monetary policy, which is also the reason why gold prices did not decline further.