Gold slips below $2,000, following US Nonfarm Payrolls report [Video]

Eliman Dambell Sayvio AI

After racing to an all-time high earlier in the week, Gold fell below the $2,000 on Friday.

The move came following the latest non-farm payrolls in the United States, which rose by 199,000 in November.

Markets were expecting the amount of jobs added to come in marginally lower at 190,000.

Despite the better than expected report, the unemployment rate dropped to 3.7%, 0.2% below.
the anticipated rate.

XAUUSD hit a low of $1,994.65 earlier in the day.

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Author

Eliman Dambell

Sayvio AI

With over a decade in financial markets, Eliman brings an experienced and diversified point of view to market analysis. He covers current and historical macro trends to give insights on Metals, FX, Stocks, and Crypto.

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