The Phaserl


Gold Sector Analysis: Gold Starts the Year Off With an Upside Move

from The Daily Bell:

Gold lagged midweek before rising hard after the release of the December nonfarm payrolls report.

This Week’s Monetary and Industrial Trends

After several flat days, gold moved up following news provided by the December nonfarm payrolls report. While the report was proximate in its release to gold’s rise, it certainly wasn’t the reason.

There are various reasons to account for gold’s good performance against the dollar this past week. USA Gold summarizes some of them:

Stocks slump (from Reuters): “Gold rose on Friday as the dollar and equities failed to react to a better-than-forecast U.S. jobs report, and the metal was set for the first weekly gain in four weeks as political uncertainty in Greece boosted demand for assets seen as safe.”

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