Gold Gains About $40 After U.S. Jobs Report, Silver Tops $62
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Silver's Sixth Straight Supply Gap Meets a Fed at Odds With Itself
Traders in precious metals are marking time this Friday, keeping positions light ahead of the September US nonfarm payrolls release. The print carries weight well beyond the headline jobs number: it feeds directly into expectations for the Federal Reserve’s next moves and the direction of Treasury yields, the two forces that have dictated silver’s recent […] The post Silver’s Sixth Straight Supply Gap Meets a Fed at Odds With Itself appeared fir…
The weaker-than-expected non-farm payroll data released in the US has reshaped market expectations regarding the Fed's interest rate policy. Following the data, precious metals, especially gold and silver, saw upward movement.
Non-farm employment in the United States increased by 29,000 in September. The market expectation was for an increase of 90,000 people, while the unemployment rate rose from 4.1% to 4.2%. Upward movement seen in precious metals as dollar index retreats after employment data
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