After spinning its wheels in elevated territory, the gold market appears to be gaining new bullish traction as momentum in the U.S. labor market continues to slow. The first clean employment report since August—delayed by the U.S. government’s 43-day shutdown through October—shows the economy created fewer jobs than expected. U.S. nonfarm payrolls rose by 50,000 in December, the Bureau of Labor Statistics reported on Friday. This figure missed consensus forecasts, as economists had anticipated job gains of around 66,000. However, the unemployment rate dropped to 4.4%, down from November’s reading of 4.6%. The gold ... (full story)