Analysis: The Nonfarm Payroll Report Will Not Change the Fed’s Wait-and-See Stance

According to a report by Jinse Finance, after the non-farm payroll data showed that the U.S. economy added significantly more jobs than expected and the unemployment rate unexpectedly declined, gold experienced temporary pressure in the previous trading session. However, XS.com analyst Linh Tran stated in a report that this data does not indicate an overheated economy, but rather reflects a relatively stable growth rate. Tran noted that this is not enough to force the Federal Reserve to reconsider its wait-and-see stance on monetary policy, which is also why gold prices did not fall further.