Gold Confirms That This Was The Worst Possible Jobs Report Number

After initially jutting a little bit higher, gold is now lower after the weak jobs report.

What that’s saying is: This number wasn’t bad enough for the Federal Reserve to launch another round of Quantitative Easing.

But the market is down sharply overall, meaning the number was obviously an economic disappointment, especially after all the post-ADP hype yesterday.

So this basically was your worst-possible scenario. No spur to Fed action, and not good data.


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