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Urgent: Gold violates expectations, adds 1%, and heads towards the $2000
Gold maintained its strength and upward trend despite the positive employment data, holding above 1940 dollars an ounce, and after that succeeded in overturning the forecast and pushing towards the 1960s levels, an increase of 1.14%.
A few moments ago, the expected employment data was released, and the US economy added 678,000 jobs, and experts expected an addition of 400,000 jobs. The preliminary employment data from the ADP was positive, adding 475 thousand jobs.
The unemployment rate for February came at 3.8%, while it was expected to achieve 3.9%, down from 4.0% recorded in January.
Year-on-year wages rose by 5.1%, and had been expected to increase by 5.8%.
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