When the government released robust employment numbers last Friday, most folks expected gold to take a hit. But what happened next was a clear sign of just how unpredictable the market has become – and why you should keep your eye on gold. Gold initially dropped by $10 after the employment report but rebounded within 30 minutes, hitting session highs near $2,700 an ounce. As I always say, “There’s more to gold than meets the eye.” Spot gold last settled at $2,693.70, up nearly 1% for the day. Let’s dig into why this happened and what it means for you. The Numbers That Shocked the Market The report showed 256,000 jobs added in December, pushing the unemployment rate to 4.1%.…
Continue reading as a Citizen
Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the daily “While You Were Distracted” briefing.
No credit card required.
