Dismal Jobs Report Boosts Gold While Depressing Dollar

September 14, 2021 11:32:35

Forecasts released earlier in the year estimated that the U.S. economy would introduce 735,000 jobs in August. However, a report released last week found that last month only about 233,000 jobs were added. This was well below the forecast and is the smallest gain thus far.

The dollar fell after the report was released, which in turn boosted the demand for metals such as gold, which hit a four-week…

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