Gold (GLD) Sees Selling Pressure after Jobs Number
Tweet
Share
E-mail
Gold is seeing immediate selling pressure following the release of better-than-expected jobs numbers. The thinking would be that with better unemployment the fed will back off QE sooner rather than later. The target unemployment rate of the fed is 6.5%. Today's reported unemployment rate was 7.5%.
Gold spot last traded at $1461. The Gold ETF (NYSE: GLD) last traded down 0.4% to $141.32.
Gold spot last traded at $1461. The Gold ETF (NYSE: GLD) last traded down 0.4% to $141.32.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley is out with its gold price outlook for 2027
- Should you chase this mini rally in gold? Citi weighs in
- Wells Fargo says CTAs bought US equities, gold and Treasuries
Create E-mail Alert Related Categories
Commodities, ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
