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Gold Climbs to Another Record After Fed Rate-Cut Optimism Soars
Gold reached another record on Tuesday, with its rally stoked by a surge in bets for a wave of Federal Reserve rate cuts this year. Bullion gained as much as 0.3% to a fresh all-time high of more than $3,647 an ounce, beating the previous peak on Monday. It climbed 2.5% in the previous two sessions after unexpectedly weak US payrolls data on Friday prompted traders to price in three rate cuts this year, including a quarter-point cut at the Fed’s meeting next week. Gold tends to benefit from lower borrowing cost as it doesn’t pay interest. Whether gold can continue to ride the rate-cut rally could hinge on a ... (full story)
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BOOM: Payrolls revision -911K, biggest on record! 
Current Employment Statistics Preliminary Benchmark (National) - March 2025 The preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total nonfarm employment for March 2025 is -911,000 (-0.6 percent), the U.S. Bureau of Labor Statistics reported today. The annual benchmark revisions over the last 10 years have an absolute average of 0.2 percent of total nonfarm employment. In accordance with usual practice, the final benchmark revision will be issued in February 2026 with the publication of the January 2026 Employment Situation news release. Each year, CES employment estimates are benchmarked to comprehensive counts of employment from the Quarterly Census of Employment and Wages (QCEW). These counts are derived primarily from state unemployment insurance (UI) tax records that nearly all employers are required to file with state workforce agencies. The preliminary benchmark revision reflects the difference between two independently derived employment counts, each subject to their own sources of error. It serves as a preliminary measure of the total error in CES employment estimates from March 2024 to March 2025. Preliminary research, which is not comprehensive and is subject to updates in QCEW data, indicates that the primary contributors to the overestimation of employment growth are likely the result of two sources—response error and nonresponse error. First, businesses reported less employment to the QCEW than they reported to the CES survey (response error). Second, businesses who were selected for the CES survey but did not respond reported less employment to the QCEW than those businesses who did respond to the CES survey (nonresponse error). Estimates of other errors, such as the forecast error from the net birth-death model, are not available at this time. Information on how the net birth-death forecasts have reduced benchmark revisions historically are available on the CES Birth-Death Model Frequently Asked Questions page in question 10, www.bls.gov/web/empsit/cesbdqa.htm. The preliminary benchmark revisions in table 1 are calculated only for March 2025 for the major industry sectors. As is typically the case, many of the individual industry series show larger percentage revisions than the total nonfarm series, primarily because statistical sampling error is greater at more detailed levels than at an aggregated level. US BLS: PRELIMINARY BENCHMARK REVISION FOR MARCH 2025 PRIVATE PAYROLLS -880,000; GOVERNMENT PAYROLLS -31,000 #BLS #payrolls #benchmark #economy
Current Employment Statistics Preliminary Benchmark (National) - March 2025 The preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total nonfarm employment for March 2025 is -911,000 (-0.6 percent), the U.S. Bureau of Labor Statistics reported today. The annual benchmark revisions over the last 10 years have an absolute average of 0.2 percent of total nonfarm employment. In accordance with usual practice, the final benchmark revision will be issued in February 2026 with the publication of the January 2026 Employment Situation news release. Each year, CES employment estimates are benchmarked to comprehensive counts of employment from the Quarterly Census of Employment and Wages (QCEW). These counts are derived primarily from state unemployment insurance (UI) tax records that nearly all employers are required to file with state workforce agencies. The preliminary benchmark revision reflects the difference between two independently derived employment counts, each subject to their own sources of error. It serves as a preliminary measure of the total error in CES employment estimates from March 2024 to March 2025. Preliminary research, which is not comprehensive and is subject to updates in QCEW data, indicates that the primary contributors to the overestimation of employment growth are likely the result of two sources—response error and nonresponse error. First, businesses reported less employment to the QCEW than they reported to the CES survey (response error). Second, businesses who were selected for the CES survey but did not respond reported less employment to the QCEW than those businesses who did respond to the CES survey (nonresponse error). Estimates of other errors, such as the forecast error from the net birth-death model, are not available at this time. Information on how the net birth-death forecasts have reduced benchmark revisions historically are available on the CES Birth-Death Model Frequently Asked Questions page in question 10, www.bls.gov/web/empsit/cesbdqa.htm. The preliminary benchmark revisions in table 1 are calculated only for March 2025 for the major industry sectors. As is typically the case, many of the individual industry series show larger percentage revisions than the total nonfarm series, primarily because statistical sampling error is greater at more detailed levels than at an aggregated level. US BLS: PRELIMINARY BENCHMARK REVISION FOR MARCH 2025 PRIVATE PAYROLLS -880,000; GOVERNMENT PAYROLLS -31,000 #BLS #payrolls #benchmark #economy
From econotimes.com | Sep 8, 2025
Gold prices surged to an all-time high in Asian trade on Tuesday as growing expectations of a Federal Reserve interest rate cut boosted demand for safe-haven assets. Spot gold reached $3,654.97 per ounce, while December futures peaked at $3,694.75/oz. The rally was fueled by a weakening U.S. labor market, with nonfarm payrolls showing almost no job growth ...
From uk.finance.yahoo.com | Sep 9, 2025
Gold hit a record high above $3,600 an ounce on Tuesday, spurred by expectations of U.S. rate cuts, concerns about Federal Reserve independence and robust demand from investors and central banks. Having hit a record high at $3,673.95 a troy ounce, spot gold was trading around $3,637.39 at 1524 GMT for a gain of more than 38% so far this year. Analysts ...
