Weak ADP Jobs Report Boosts Gold (GLD)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/13/2026
- Nasdaq ends down as chipmakers fall and bank earnings roll in
- Oil prices settle mixed, focus on US-Russia diesel deal, Saudi Yemen attacks
- JPMorgan shares edge lower after third-quarter FICC revenue miss
- Fed’s Waller says US bond yield rise driven by growth, not inflation
- Wells Fargo beats profit estimates despite revenue miss
Tweet
Share
E-mail
Spot gold, which can be traded using the EFT GLD (NYSE: GLD), was up on Wednesday after ADP numbers showed the U.S. added 113,000 jobs vs. a consensus of 175,000.
The ADP report helps give clues about U.S. jobs growth, with the official report on U.S. nonfarm-payrolls to come in on Friday. A weaker jobs picture could pave the way for more easing by the Fed, which is generally believed to be supportive of Gold prices.
The ADP report helps give clues about U.S. jobs growth, with the official report on U.S. nonfarm-payrolls to come in on Friday. A weaker jobs picture could pave the way for more easing by the Fed, which is generally believed to be supportive of Gold prices.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Some Said Inflation Risks Had Become More Skewed To Upside - FOMC Minutes
- Crude Inventory Fell 3.2 Million Barrels Last Week - EIA
- UBS flags level in gold prices where dip buyers will likely emerge
Create E-mail Alert Related Categories
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!
