TechFlow news, on July 5, according to Jinshi Data, gold experienced temporary pressure in the previous trading session after non-farm employment data showed that the U.S. economy added significantly more jobs than expected and the unemployment rate unexpectedly declined. However, Linh Tran, analyst at XS.com, said in a report that the data does not indicate an overheating economy, but rather shows a relatively stable growth pace. Tran said this is not enough to force the Federal Reserve to reconsider its wait-and-see stance on monetary policy, which is why gold prices did not fall further.
Add to Favorites
Share to Social Media
