DailyBread
02-02 17:55

An overstated US employment report by 80,000 to 100,000 jobs would likely trigger a significant gold price rally. Employment data revisions can be powerful catalysts for gold price movements. Overstated employment suggests the labor market is weaker than previously reported, increase expectations for earlier or more aggressive rate cuts. Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold.

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