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Blog Archive ? Morning Snapshot

-- expats
Forum Post
02/03/12 12:37
Gold Mine

Blog Archive ? Morning Snapshot

Thank author of this post/comment03-Feb (USAGOLD) - Gold retreated into the range after establishing a new 11-week high at 1763.15. The retreat is likely associated with profit taking after a nice weekly gain, and the diminished appeal of gold as a safe-haven after better than expected headline nonfarm payrolls numbers. The rise in payrolls was better than expected at +243k and the unemployment rate dropped to 8.3%.

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• employment • expectations • optimism • unemployment • retail sales • stock market • safe haven • profit taking •
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