Gold Touches Seven-Week High as Job Slowdown Damps Rate Concerns

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Are we finally getting a bit more truthful numbers which the Fed can use as an excuse not to raise interest rates? Are these more truthful numbers setting up more QE?

“The jobs figure certainly was a surprise and an unwelcome number, so you see gold and silver higher,” Tai Wong, the director of commodity products trading at BMO Capital Markets Corp. in New York, said in a telephone interview. “It’s very clear this gives the Fed plenty of cover that they want to see another quarter of strong employment numbers before they think about raising rates.”


Read the full article here.

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