NFP Result Is Out: Gold XAUUSD Down $25.13 After Strong Jobs Data
US payrolls came in at +165K, well above the +65K forecast. Gold (XAUUSD) is down 25.13 USD since the release. Here is what happened and what to watch.
This article was compiled automatically from the sources listed below
The release: US Non-Farm Payrolls (NFP)
The US Non-Farm Payrolls report came out at 20:30 (all times in this article are UTC+7, Thailand/Laos time). Here are the numbers:
- Forecast: 65K
- Previous: 29K
- Actual: +165K for October, well above forecast
Other details reported with the release: the unemployment rate was 4.1% (4.2% expected), and average hourly earnings rose 0.4% month on month (0.3% expected). So the report was stronger than expected on jobs, unemployment and wages.
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