Gold and Silver Prices Slide Lower Following US Jobs Report — Analyst Says Data Suggests 'Market Bottom Is in Place' – Market Updates Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Gold and silver dropped against the greenback following the U.S. jobs report on Friday as the two assets approach different price thresholds. Economics Inflation

Screenshot from Kitco’s precious metals price aggregator via the New York spot price on October 7, 2022, at at 2:30 p.m. .on Friday afternoon that the data stemming from the U.S. jobs report was “arguably the most important U.S. data point of the week.” Wyckoff noted that the official data was 263,000 jobs, “which was just below the expected rise of 275,000.” The news, Wyckoff reckons, may lead to the U.S. central bank keeping its aggressive stance going strong.

“Technically, the December gold futures bears have the overall near-term technical advantage. However, recent gains begin to suggest a market bottom is in place,” Wyckoff explained. Silver futures, in terms of bulls, also show an advantage the precious metals market analyst said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

PeterSchiff please don't cry😂😂

ltextoken extremwallet BNB btc bitcoin extremwallet coming 🔥

Nice! I have been copying signals from ChiefraFba and have a 92% win rate

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines