Gold Sinks, USD/JPY Surges as NFP Report Smashes Expectations

0
49


NFP REPORT: GOLD PRICE PLUNGES & SPOT USD/JPY RIPS HIGHER AS JOBS GROW BY 2.5 MILLION IN MAY

  • US nonfarm payrolls report for May 2020 crushed the median estimate on Wall Street looking for -7.5 million jobs lost, but the actual figure crossed the wires at 2.5 million jobs added
  • USD/JPY price action spiked higher in response to the better-than-expected NFP report
  • Gold prices puked as the precious metal was pressured lower alongside safe-haven assets like US Treasuries

GOLD PRICE CHART WITH USD/JPY OVERLAID

Gold price chart USD Reaction to NFP Report Nonfarm Payrolls Jobs May 2020

***THIS STORY IS STILL DEVELOPING – PLEASE CHECK BACK FOR THE FULL REPORT***





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here