By: USA Gold
USAGOLD) — Gold remains well bid heading into the last weekend before the U.S. election. There was brief flurry of volatility off of the October jobs report, but the yellow metal settled back in just above $1300.
October nonfarm payrolls came in at +161k. While that was below expectations, the positive back-month revisions along with the continued rise in hourly earnings made the report neutral to positive. With the November FOMC meeting behind us as well, all attention is squarely on Tuesday’s election.
By: USA Gold
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