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Even Feb bullish US labor report could not tackle the gold

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The gold could have a higher high reaching $1279.55 per ounce last Friday, despite the release of US Feb Labor report which painted an optimistic picture of the labor market by adding 242k jobs out the farming sector revising up Jan figure to +172K and Dec figure to +271K. The report has shown that there was no negative impact yet of the global economic slowdown on the US economy and labor market. After its meeting on Jan. 27, FOMC said that it is assessing currently the global economic

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