Dollar bashing continues from yesterday, and gold is up more than $20. Gold spot is facing resistance at $900, and it would be reassuring if gold closed above $900 ($903 for August futures) to finish a roller coaster week in markets.
Friday, June 06, 2008
Unemployment rate 5.5%, gold up $20+
I thought BLS would be a bit more creative with their hedonic adjustments, but job numbers came out pretty bad. Also, please spare me the lame excuse on student unemployment; the impact of teens is de minimis.
Dollar bashing continues from yesterday, and gold is up more than $20. Gold spot is facing resistance at $900, and it would be reassuring if gold closed above $900 ($903 for August futures) to finish a roller coaster week in markets.
Dollar bashing continues from yesterday, and gold is up more than $20. Gold spot is facing resistance at $900, and it would be reassuring if gold closed above $900 ($903 for August futures) to finish a roller coaster week in markets.
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