EBC Markets Briefing | Bullion falls following strong August jobs report

Gold prices nudged lower on Monday as Trump runs out of cars on Iran. Iran's Supreme National Security Council said Tehran plans to announce an "exclusion zone" outside the Strait of Hormuz.

In a statement issued Sunday, OPEC+ confirmed its oil output policy will remain unchanged for October, noting that the alliance must finalize new production quotas before determining future output adjustments.

Recent instability in the Treasury market, underscored by surging yields, suggests that underlying financial conditions are far more severe than superficial indicators imply, according to Brookings Institution

The US economy added jobs at a brisk pace in August, reversing a summer slowdown in hiring, while the unemployment rate held steady. That speaks to a stable labour market.

Traders moved to price in a roughly 57% chance the Fed will hike rates this month in the wake of the jobs report. But Trump threatened to cut off foreign trade unless rate cuts occur.

China's gold market influence is turning deeper and structural as central bank buying, retail investment, and new infrastructure cement demand, per Jefferies.

EBC Financial analyst says that the gold market faced an intense pullback driven by strong bearish engulfing and momentum candles. The 200 SMA could be acting as a major dynamic overhead resistance.

Asset Recap

As of market close on 4 September, among EBC major products, Micron Technology shares led gains as investors bought the dip, betting the memory chip boom will continue.

Adobe shares tumbled after the software maker selected longtime executive Anil Chakravarthy to become its next chief executive. The firm works to adjust its business for the rapid adoption of AI.

A stronger mood on Wall Street spilled into Seoul, giving South Korean stocks a fresh lift after a volatile start to the month. Foreign investors began to return to the market.

A portfolio diagnostic is critical to managing tail risk. EBC Turbo leverages a proprietary scoring model to run a six-dimensional analytics scan within 5 seconds, mapping your risk-return dynamics and decoding your trading DNA.

EBC Financial Group Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC Global Financial Collaboration or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.