Slower-than-expected U.S. job creation in June supports an increase in demand for gold, Petros Pantzari, from brokerage firm Monaxa, writes. Payrolls were reported at 57,000, lower than WSJ consensus forecast of 115,000. Treasury yields and the dollar slipped on the news, while gold futures are up 2%. "Gold is moving higher because the weak U.S. jobs report has reduced the fear of another Fed rate increase," Pantzari says. He adds the data gives traders a reason to believe the Fed may stay on hold "or even move closer to rate cuts" if labor markets weaken further. That would push down yields, undermining the dollar, "both supportive for gold," Pantzari says. (paulo.trevisani@wsj.com; @ptrevisani)