Skip to content
XAU/USD3,912.41+0.89%XAG/USD50.619+1.13%XPT/USD1,530.86+0.76%XPD/USD1,009.51+1.57%BRENT95.67-0.07%EUR/USD1.10588+0.04%GBP/USD1.32339+0.04%USD/JPY159.907+0.06%
lin

#nonfarm-payrolls

4

posts

4

articles

6 days ago

latest

Back to insights

4 articles and trading notes about #nonfarm-payrolls, newest first. Each one is written from a real gold trade or a real market day, so start with the most recent and work back.

ArticleNov 6

Gold Price Analysis After NFP: Hike Odds +10, Gold -0.47%

October payrolls printed 165K against a 65K consensus, unemployment fell to 4.1% and wages rose 0.4% m/m. Gold broke its $4,061 neckline within minutes and printed $4,025.87, then closed at $4,066.11 — down only 0.47%, back above the line. In the same session December hike odds moved from Thursday's 68% handle to 77-78%, a 10-point repricing. Ten points of odds bought 0.4% of price, and four layers explain the gap: an expectation already paid for in October, a real-rate move of just 6bp, physical bids sitting at $4,000-4,030, and a 102 ceiling on the dollar. The piece also lays out three conditions that would void the call, the first being a hot CPI print on Nov 10, explains why a weekly gain of 4.63% matters more than a daily drop of 0.47%, and shows why the 6bp move in the 10-year yield, not the payrolls headline, set the size of the drawdown.

#xauusd#gold-price#dollar-index