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
Brent crude oil deepens losses to -3% due to details of potential agreement
Chart of the Day: Is this a "real" breakthrough in the oil market this time? (12.06.2026)
Morning Wrap- Oil drops after Trump announces peace (12.06.2026)
Daily summary: โTACO Momentโ supports indices rebound