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[News]
The initial value of U.S. non-agricultural productivity in the second quarter was only .%, far less than %, the third consecutive quarter of decline, the longest consecutive decline since the beginning of the year, and the fastest rate of decline in productivity since the beginning of the year, indicating that although the number of new non-agricultural jobs has grown steadily, labor productivity has still stagnated. The U.S. dollar index fell back from its intraday high. Gold rebounded from lows on Tuesday. Several tests by bears failed, and gold prices rose rapidly.
Federal Reserve policymaker Powell said on Monday that the risk of U.S. economic growth struggling is increasing and that low interest rates will need to be extended longer than previously thought.
Although gold has fallen recently due to rising expectations for the Federal Reserve to raise interest rates, the fact that global bond yields are in negative territory has provided bottom support for gold. This makes it even more important for investors to increase the proportion of gold and silver in their investment portfolios.

[Yesterday’s market review]

The international gold price has emerged from a volatile upward trend. In the early trading of the Asian market, the gold price was subject to a retracement correction near the overnight high of the US dollar/ounce area, and the European market opened. Afterwards, the price of gold hit the intraday low of US$/oz and then started to rebound. However, the strength was not obvious enough and it was hindered by a second retracement below US$/oz. During the U.S. trading session, the gold price retraced its USD/ounce price for the second time and then rebounded again. This round of rebound directly broke through this week's high and hit the USD/ounce high. Subsequently, the gold price retreated twice in late trading to test the support of the US dollar/ounce area, and finally closed at the US dollar/ounce line in late trading, with the daily line closing with a small positive line.