However, the gold and silver markets did not react strongly to the better jobs data. August gold was last down $6.40 at $1,989.10 and July silver was down $0.102 at $23.885.
Traders and investors are still buzzing about the Wall Street Journal report Thursday that said the Fed is likely to pause in its interest-rate-hiking cycle at the June FOMC meeting, before raising rates again later this summer. That’s a shift from the consensus marketplace belief just recently that the Fed would again raise rates at the June FOMC meeting. However, a “sizzling jobs report” on Friday would likely throw cold water on the Fed pause, said the WSJ report.
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