Spot gold enjoyed a monster rally on Friday with a high of $1178. The US payrolls report alone didn't cause such a strong reaction
Chris Weston
Pepperstone
Spot gold enjoyed a monster rally on Friday with a high of $1178. The US payrolls report alone didn't cause such a strong reaction. If you look at the U6 unemployment rate - the broadest measure of unemployment - it fell 30 basis points to a six year low. There was a 683,000 jump in the household survey, which effectively saw the participation rate increase a touch. Despite this, the headline unemployment rate ticked down to 5.8% and is now only 30 basis points from where the Federal Reserve classify as full employment. In this report I look at gold's technical setup, with an eye on the 30 Nov Swiss gold referendum - (VIEW LINK)
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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