May 04, 2018

Gold is trading at $1,310.00 down $1.80 this morning after April’s jobs report showed mixed results.  Only 164,000 jobs were created, falling short of the forecasted 190,000, and wages rose 0.1%, short of the 0.2% expected. Unemployment however, dropped to 3.9%, exceeding expectations and falling to its lowest level since 2000.  The dollar gained some traction as less-than-expected wage growth helped reduce some concerns about inflation.