Analysis: The weakness of the US dollar has led to an increase in gold prices, and a weaker than expected non farm payroll will benefit gold

BlockBeats reported that on May 2, gold futures rose in relatively light trading due to the decline in the yield of US dollars and US treasury bond bonds. But after Thursday's significant sell-off, the overall decline this week. SP Angel analysts stated in a report that ETF outflows indicate that traders and investors have taken profits after a 21% increase in gold prices so far this year. SP Angel stated that the cooling of trade tensions is reducing the attractiveness of gold, while Trump announced that he does not intend to fire Powell. The focus now shifts to the US employment data scheduled for Friday. If the data is weaker than expected, it will boost people's optimism about the Fed's interest rate cuts, which is a positive for interest free gold. (Golden Ten)