-
Investors buying the dip as gold market largely ignores jump in private-sector payrolls
The gold market continues to see further volatility as Tuesday’s sharp selloff has attracted some buying interest; however, according to some analysts, the precious metal faces a fundamental headwind following better-than-expected private-sector employment data. ADP reported Wednesday that 63,000 jobs were created in February, significantly beating expectations. Consensus forecasts had projected job gains of 50,000. The report revised January’s employment data to show that only 11,000 jobs were created at the start of the new year. The gold market is not seeing much reaction to the latest employment data, as the ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Private sector employment increased by 63,000 jobs in February and pay was up 4.5 percent year-over-year according to the February ADP National Employment ReportŪ produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure of the labor market based on the ...
From kitco.com | Mar 4, 2026
China continues to ratchet up efforts to leverage Hong Kong to expand its already dominant influence over the global gold market, as the Asian giant is building up market infrastructure to woo foreign investors, while mainland mining companies tap the semiautonomous region’s stock market to fund their own overseas expansion. According to a recent report ...
IRAN OPERATIVES MADE OFFER TO DISCUSS TERMS FOR ENDING WAR: NEW YORK TIMES *IRAN INTEL MINISTRY REACHED OUT INDIRECTLY TO CIA: NYT - BBG *IRAN OPERATIVES MADE OFFER TO DISCUSS TERMS FOR ENDING WAR: NYT *NYT CITES OFFICIALS BRIEFED ON THE IRANIAN OUTREACH TO THE CIA *US OFFICIALS SKEPTICAL ABOUT READINESS FOR IRAN OFFRAMP: NYT
