The Phaserl


Gold and the US Employment Report

by Steve Saville, Gold Seek:

Last week we looked at how the US$ gold price performs around FOMC meetings, with a focus on the trading week leading up to the FOMC Announcement day. This week we have done the same with regard to the monthly US employment report. Here’s what we found:

The table presented below shows the date of every monthly employment report from the beginning of 2013 through to the present, the gold price at the end of the day prior to the report, gold’s daily closing price 6 trading days prior to the report, and the difference between these two prices. When this difference is negative it means that the gold price fell during the 5 trading days leading up to the day on which the latest monthly employment report was issued. The table also shows the price change on the day of the report.

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