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1:58 PM ยท 7 May 2021

๐Ÿ† Gold highest in 3 months after NFP miss

The US NFP report for April turned out to be a massive disappointment. Markets expected addition of around 1 million jobs while the actual reading showed a gain of only 266 thousand. US dollar plunged on the release as the report hints that monetary policy tightening is still some time away. Markets are now pricing the first FED rate hike no earlier than mid-2023.

Gold prices benefited from such a weak reading and jumped more than $20 per ounce during the 20 minute period following NFP release. In turn, precious metal trades at the highest level in 3 months.

Source: xStation5

13 April 2026, 7:03 PM

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Precious metals back in red ๐Ÿ“‰ GOLD and SILVER pressured by dollar demand ๐ŸŸก

13 April 2026, 6:33 AM

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10 April 2026, 6:59 PM

Daily summary: Nervous anticipation, SaaS sell-off and weak macro data

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