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Is it possible for the price of gold to fall during May Day?
At present, the international gold price is at a low point in the past two years, and there is a gold buying tide in Asia, especially in China, which makes the gold price rebound. The current price is 1.465 USD/oz. May Day is the traditional peak season for gold sales in China, so it is unlikely that the price of gold will drop sharply during May Day. However, after May Day, the United States will release a series of economic data this weekend, especially the non-agricultural employment population. The data is good for the dollar, and gold falls. If it falls below 1440, the rebound will end early. The market outlook will continue to fall, breaking through the low point of 1322. If the data is not good, the gold price may test the pressure level of 1508 above. If you invest in gold, you need to follow the specific trend and don't violate the market rules. If you are considering buying gold jewelry, you can do it if you think it is appropriate. After all, gold jewelry is mainly for children to wear or inherit, and short-term ups and downs are meaningless to you.