A lower-than-expected jobs number sends gold futures higher, with the yellow metal now up 1.4% after being slightly negative before the report's release. Only 57,000 nonfarm jobs were added in June, says the Bureau of Labor Statistics. That is below analyst forecasts of 115,000 jobs added. The surprise sent equities and commodities higher, with fears around future interest rate hikes calmed by the report as well as comments from Fed Chairman Kevin Warsh that toned down interest rate worries. Most-active silver is also up, climbing 2.1%. (kirk.maltais@wsj.com)
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Gold Climbs Following June Jobs Reading — Market Talk
A lower-than-expected jobs number sends gold futures higher, with the yellow metal now up 1.4% after being slightly negative before the report's release. Only 57,000 nonfarm jobs were added in June, says the Bureau of Labor Statistics. That is below analyst forecasts of 115,000 jobs added. The surp…