U.S Non-Farm Payrolls Fall Below Expectations Pushing Gold Above $1300
|Join professional traders Phil Carr and Nik Kalsi of The Gold and Silver Club LIVE as they analyse the commodity markets and identify highly profitable trade set-ups on Gold, Silver, Oil, Natural Gas & the Commodity Currencies. THE MOST IMPORTANT U.S Economic Report of the month, the U.S Jobs Report (Non-Farm Payrolls) added fewer Non-Farm Jobs than expected in March but showed continued improvement, while the national unemployment rate held steady, missing expectations. The world's largest economy gained 192,000 non-farm payrolls in March compared to expectations of 200,000 and the previous month's 175,000. The national unemployment rate, meanwhile, stayed at 6.7%. From a technical perspective the figure fell below the estimate of 200K, triggering a sharp sell off on the USD Index, whilst Gold prices broke above $1300 an ounce. The big question now is: Will Gold prices continue to trader higher this week?
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