Fresh data prints coming out of the US may keep the price of gold under pressure as the NFP report is anticipated to show a further improvement in the labor market.
Labor Market
Gold Up as Nonfarm Payrolls Unexpected 263k Positions – Gold Silver Reports
Gold Silver Reports (GSR) – Gold Up Nonfarm payroll unexpected 263k positions. March payrolls were revised slightly downward to 189k compared to 196k originally reported.
Feds Evans: Economic Fundamentals Strong, Labor Market Still Improving
Speaking to Reporters : –
Fed’s Evans speaks to reporters and his comments are a bit hawkish:
✅ economy generating inflation close to Feds 2% goal
✅ sees Fed becoming restrictive in 2020 but could be 2019
✅ trade tariffs adding some uncertainty