Wall Street on the sidelines in gold market as blockbuster NFP raises calls for Fed to hike 75 basis points in September

대한민국 뉴스 뉴스

Wall Street on the sidelines in gold market as blockbuster NFP raises calls for Fed to hike 75 basis points in September
대한민국 최근 뉴스,대한민국 헤드 라인

Wall Street on the sidelines in gold market as blockbuster NFP raises calls for Fed to hike 75 basis points in September kitconews gold silver economics investing finance metals mining

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 78%

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

Ahead of the latest survey results, the U.S. Bureau of Labor Statistics said 528,000 jobs were created in July. The data significantly beat expectations economists were forecasting job gains of around 250,000. The report also noted a solid increase in wages. This week, 16 Wall Street analysts participated in the Kitco News gold survey. Among the participants, four analysts, or 24%, were bullish on gold in the near term. At the same time, seven analysts, or 41%, were bearish on gold. Six analysts, or 35%, cast neutral votes this week.

"U.S. jobs data means the Fed is more likely to hike another 75 [basis points] next month. Gold's shine is dimmer. A break of $1750 could see $1725, but there is a reasonable chance it sees $1700," said Marc Chandler, managing director at Bannockburn Global Forex.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

KitcoNewsNOW /  🏆 13. in KR
 

대한민국 최근 뉴스, 대한민국 헤드 라인



Render Time: 2025-01-17 16:59:09