Gold price holding its ground as ADP shows 62k US jobs created in March
From kitco.com
The gold market continues to trade at its highest level in 10 sessions, as the U.S. labor market remains more resilient than expected, according to private-sector payrolls processor ADP. On Wednesday, ADP announced that 62,000 jobs were created in March. The report was better than expected, as consensus forecasts called for job gains of 41,000. February’s figure was revised slightly higher to 66,000 jobs, compared to the initial estimate of 63,000. “Overall hiring is steady, but job growth continues to favor certain industries, including health care,” said Dr. Nela Richardson, chief economist at ADP. “In March, this ...
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