The growth of the U.S. labor market is slowing down, as more American workers are filing for unemployment benefits. This disappointing news has resulted in gold prices trading near session highs, with August futures currently at $1,970USD/ounce, representing a 0.58% increase on the day.
Analysts believe that this latest jobs data is supporting the view that the Federal Reserve's aggressive monetary policy tightening has come to an end.
Analysts believe that this latest jobs data is supporting the view that the Federal Reserve's aggressive monetary policy tightening has come to an end.
Note
waiting to buy gold
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.