Employment reports: a volatile ride through the gold market

Gold pricing has been like a frenzied carousel lately. It all started when ADP released the National Employment Report, according to which last month the number of jobs in the private sector increased by 978 thousand. This figure is much higher than the estimate of surveyed economists. Employment was expected to rise by 650 thousand. … Read moreEmployment reports: a volatile ride through the gold market

Gold recovered slightly amid weak US employment data

A first estimate by the Bureau of Labor Statistics showed that non-farm jobs increased by 559,000 in May, double the number in April but 14% below analysts’ forecasts. For the second day, Western stock markets struggled, while commodity markets rallied amid falling long-term bond interest rates. The price of gold fell to $ 1.856 overnight, … Read moreGold recovered slightly amid weak US employment data