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Gold prices face a double test over the weekend: Non-farm payroll data and tariff policy decisions
【Crypto World】Analyst Giuseppe Dellamotta recently pointed out that the current rally in gold is mainly driven by geopolitical tensions and weak US economic data, with bullish momentum still sufficient. However, the non-farm payrolls report to be released this Friday could change this situation.
The last report was questioned due to credibility issues amid the government shutdown, but this time the data should provide a more accurate picture of the economic condition. If employment data shows strong performance, traders may readjust their expectations for the Fed’s rate cut timing, potentially causing gold prices to drop significantly; conversely, if the data is disappointing, the upward momentum of gold could be further supported.
Another variable to watch is the US Supreme Court’s scheduled opinion release on Friday, with Trump’s tariff policies likely to be a focal point. If the court overturns the tariffs, inflation expectations may ease, putting pressure on gold prices; but if the tariffs remain unchanged, although it may not trigger drastic volatility, it will still support gold price increases.
Damn, with both the court and non-farm data, a bunch of variables are coming down, I won't sleep well this weekend.
If the tariffs policy is truly overturned, easing stagflation, gold will have to fall... So exhausting.
If the employment data is strong, the Fed's rate cut expectations will cool down, and gold will be directly doomed; otherwise, it could rise... This is a gamble.
Speaking of this double-test situation, how can retail investors play it? The risk is too high.
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The real data has finally arrived. I didn't trust the last set of data, let's see if it can settle down this time.
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If the tariff policy is overturned, the good days for gold might be over.
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So Friday is a watershed moment, either a sharp surge or a crash? I'm a bit skeptical about this trade.
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Geopolitical + economic data + tariff policy, a triple play. The crypto circle, get ready for the show.
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Strong non-farm data causes a sell-off, weak data continues to push prices up? The space for gold price manipulation this wave is terrifying.
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Whether the court overturns the tariff is the key. After all, policy is more solid than data.
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Giuseppe, this analyst, makes a good point. The bullish momentum is still there, but after Friday, it's hard to say.
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The easing of stagflation expectations will cause gold prices to take a hit. This logic is a bit painful.
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Another wave of government shutdown data credibility issues. Please, let's not cause any more trouble this time.
The tariff issue has caused a lot of fuss; whatever the court rules can influence gold prices. This is called being hijacked by the market...
With such tense geopolitical tensions, can gold still fall? I don't believe it...
I'm optimistic about this wave, just waiting for the Friday show. If non-farm data is strong, gold will drop sharply...
Stagflation expectations will definitely send gold soaring. Don't be timid...
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So, is it going to be rate cuts or rate hikes? Can we get a clear answer?
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Wait, is the court ruling on Trump's tariffs coming this Friday? Feels like an explosion is imminent.
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Weak data + geopolitical tensions, gold relies on these two factors. If the employment report is even slightly better, it can suppress the price.
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Suddenly recalling the pile of crap from the last report, hopefully this time it will be more genuine... I'm somewhat looking forward to it.
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The key is the non-farm payroll data; everything else is fake. A single number will determine the fate of gold prices.
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If inflation expectations ease, gold will fall. This weekend is really a two-front attack.
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Unbelievable, with non-farm data and tariff court rulings hitting together, traders will have to work overtime this weekend.