December Employment Situation Report News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What a week! First gold soared to almost $1,960, but then its price (London P.M. Fix) plunged to $1,863 on January 8, as the chart below shows.
This is quite strange (and bearish) behavior, given what happened last week. First, there were violent pro-Trump protests in Washington D.C. The rioters stormed the U.S. Capitol. During these riots, five people died. Given the chaos in the capital, gold, which is a safe-haven asset , should shine.
Second, the December Employment Situation Report came out . It turned out that the nonfarm payroll employment declined by 140,000 last month . The numbers fell short of expectations, as the pundits expected that the U.S. economy would add 50,000 jobs. The contraction in the nonfarm payrolls means that the winter wave of the COVID-19 pandemic hit the U.S. labor market rather significantly. ....

District Of Columbia , United States , City Of , United Kingdom , White House , Przemyslaw Radomski , Arkadiusz Sieron , Market Committee , Nadeem Walayat , Trend Forecasts , Democrat Blue Wave Beats Gold Commodities , December Employment Situation Report , Federal Open Market Committee , April Market Overview , Market Overview , Registered Securities , Market Oracle , Financial Markets Analysis , Covid And Democrat Blue Wave Beats Gold The Market Oracle Financial Armageddon , Stock Market Forecasts , Predict Future , Crude Oil , Stock Market Forecast , Dow Jones , Housing Market , Technical Analysis ,