WE-LaunchAnalysis: Non-farm payrolls report wont change Feds wait-and-see stance
Odaily News Gold experienced temporary pressure in the previous session after non-farm payrolls data showed the U.S. economy added significantly more jobs than expected and the unemployment rate unexpectedly fell. However, Linh Tran, an analyst at XS.com, said in a report that the report did not indicate an overheated economy, but rather showed a relatively stable growth rate. Tran said this was not enough to force the Federal Reserve to reconsider its wait-and-see stance on monetary policy, which is why gold prices did not fall further. (Jinshi)
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