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#以太坊行情解读 Employment data shows a gap, gold prices remain steady above 4300!
The US employment report recently made headlines—while November non-farm payrolls added 64,000 jobs, October was revised down to a loss of 105,000, and the unemployment rate surged to 4.6% (the highest since 2021). Wage growth hit its lowest in four years. This stark contrast between "apparent strength and underlying weakness" fully exposes the true state of the employment market.
What’s the result? Gold prices are directly anchored at the $4300 level, and $5000 is no longer just a dream.
How strong is the driving force behind this? Just look at these details—Powell openly admits that the non-farm data has a "systematic overestimation," and actual employment may be decreasing by 20,000 jobs per month; the Federal Reserve has cut interest rates three times in a row, and the market has already priced in at least two more cuts by 2026; the US dollar index fell below 98, paving the way for gold prices; the People's Bank of China has been steadily increasing its gold holdings for 13 months, and the global central bank gold-buying frenzy shows no signs of cooling, with major institutions like Citigroup and Goldman Sachs targeting $5000.
In the short term, gold may indeed hover around $4350 for a while, but with ongoing employment softening, deepening expectations of easing, and geopolitical uncertainties still lingering, these three supports combined make a long-term upward trend inevitable. The $4300 level is not the end point; it’s just a springboard toward $5000—this rally is still pushing higher!