The high non-agricultural employment data proves the healthy development of the US job market, and the rising employment rate indicates that the US economy is prosperous, which will lead to the rise of the US dollar, and the price of gold and silver will fall with the rise of the US dollar. When the American economy is depressed, the dollar will be depressed. When the dollar is depressed, the price of gold and silver will rise. Therefore, we can judge whether it is bad or good for precious metals according to non-agricultural data and expected pre-value data, and also let us judge the price trend of gold and silver.
For gold, the trend of the dollar is very important in the fundamentals, and the main factor affecting the trend of the dollar is the economic data of the United States, the most important of which is the non-agricultural employment data. Because gold is priced in dollars, and the United States is the initiator of the Jamaican agreement to withdraw gold from the stage of monetary history, at the same time, the United States ranks first in the world in gold reserves. Therefore, the impact of the US dollar exchange rate on the price of gold should not be underestimated. Other things being equal, the dollar appreciates, gold falls, the dollar falls, and gold appreciates. Therefore, if we link the non-agricultural data with the gold price, we can draw a conclusion that the non-agricultural data increases, the gold price falls, the non-agricultural data decreases and the gold price rises when other conditions remain unchanged. However, due to the expected non-agricultural data, Jay said that if the real value of non-agricultural data is greater than the predicted value and the deviation value is greater than zero, then the price of gold will fall when other conditions remain unchanged.