Overnight Market Review (2022.8.8) The U.S. economy added 528,000 jobs in July, and gold prices fell 1% on Friday. The July report more than doubled economists’ forecast for 250,000 new jobs. Gold prices rebounded on Monday, with December Comex gold futures recovering to $1,793.00, up 0.70% on the day.
This week, attention will be on the U.S. inflation report for July. Economists expect U.S. annualized inflation to be 8.7% in July, after rising to 9.1% in June.
Trading strategy deployment: it is recommended to do more at low levels
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