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FSN: Daily Nugget – Gold Waits for US Jobs Data
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Jan Skoyles
The Real Asset Co
Gold recovered to above $1,600 yesterday as weaker than expected US manufacturing data disappointed hopes of a strong US recovery.
Gold’s safe-haven status was given a boost as North Korea continues to shout threats at both the US and South Korea. Further news of nuclear developments emerged this morning which should help support the gold price. Given the South Korean’s minimal response in the past to aggressive behaviour from the North, many expect greater retaliation.
This week I suspect gold will be hanging on for Friday’s US nonfarm payrolls report. Unemployment is expected to remain at 7.7% – key, as the FOMC’s 6.5% has become a huge focus for the committee and affects decisions over QE.
Continue Reading at TheRealAsset.co.uk…
2013-04-02 09:34:02
Source: http://silveristhenew.com/2013/04/02/daily-nugget-gold-waits-for-us-jobs-data/
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