Institution: If US backlog data points to economic cooling, gold is expected to rebound next week
Jinse Finance reported that Stephen Innes, managing partner at SPI Asset Management, stated that after the U.S. government reopens, a batch of important backlogged data will be released, including employment and inflation indicators. The market expects these data to weaken. Weaker U.S. data may lower U.S. Treasury yields, reignite market expectations for a rate cut in early 2026, and provide room for a rebound in gold, which had previously been pressured by rising real yields. The recent pullback in gold prices appears more like a position adjustment rather than a trend reversal. The outlook for gold remains positive, and investors will closely monitor U.S. real yields, a weakening dollar, and upcoming data releases. If the data points to a cooling U.S. economy, gold is expected to rebound next week. (Golden Ten Data)
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