Express
Analysis: Non-Farm Payroll Report Will Not Change Fed's Wait-and-See Stance
Summary: According to sources, the US economy added significantly more jobs than expected and the unemployment rate unexpectedly dropped, causing temporary pressure on gold in the previous trading day. However, analyst Linh Tran from XS.com stated in a report that the report does not indicate an overheating economy, but rather shows a relatively stable growth rate. ...
According to sources, the US economy added significantly more jobs than expected and the unemployment rate unexpectedly dropped, causing temporary pressure on gold in the previous trading day. However, analyst Linh Tran from XS.com stated in a report that the report does not indicate an overheating economy, but rather shows a relatively stable growth rate. Tran mentioned that this is not enough to prompt the Fed to reconsider its wait-and-see stance on monetary policy, which is also why the gold price did not decline further.
Tags:
Link: Analysis: Non-Farm Payroll Report Will Not Change Fed's Wait-and-See Stance [Copy]
