hello tarders here is my bias of GOLD for the coming week!
Gold futures jumped to their highest levels since February 11 on Friday as U.S. Treasury yields plunged after a U.S.
labor market report for April came in well below expectations.
The news drove down hopes that the economy was heating enough to encourage the Federal Reserve to tighten policy sooner than expected.
Non-Farm payrolls increased by only 266,000 jobs last month after rising by 770,000 in March, the Labor Department said in its closely watched employment report on Friday. Traders were looking for an increase of 978,000 jobs. The unemployment rate rose to 6.1% in April from 6.0% in March.
Gold futures jumped to their highest levels since February 11 on Friday as U.S. Treasury yields plunged after a U.S.
labor market report for April came in well below expectations.
The news drove down hopes that the economy was heating enough to encourage the Federal Reserve to tighten policy sooner than expected.
Non-Farm payrolls increased by only 266,000 jobs last month after rising by 770,000 in March, the Labor Department said in its closely watched employment report on Friday. Traders were looking for an increase of 978,000 jobs. The unemployment rate rose to 6.1% in April from 6.0% in March.
