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Does employment influence gold prices?

By September 15, 2015February 8th, 2019No Comments

Does a great jobs report force gold prices to drop? After September’s ADP Research Report reported a gain of 190,000 jobs in August, gold fell by $6.37 an ounce.

The report by ADP Research Institute showed that the American economy gained 190,000 jobs in U.S. non-farm private sector employment in August. The numbers for were up from July, when the payroll grew by 177,000 jobs. As of lunchtime on the West Coast the day the report was released, the spot price was down to $1,134.02 an ounce.

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