September 7, 2018

Gold was trading up this morning, but dipped below the $1,200 threshold after strong employment data was released. 201,000 jobs were created in August (vs 190,000 expected) and wages increased 2.9% since August 2017, bolstering the best year-over-year pay increase since 2009. This data caused the dollar to climb and metals to fall, while having a minimal effect on equites.