Mobility in markets after US non-farm employment data
Quick Look
- Non-farm employment data for September announced in the USA was below expectations with 29 thousand.
- Following the data, there was an increase in ounce gold, gram gold and silver prices, while a decline was recorded in the dollar index.
AI-generated summary
Why It Matters
Global markets closely follow employment data from the USA as an indicator of the economic trend.
US September non-agricultural employment data, which is closely followed by global markets, has been announced. While non-agricultural employment was realized as 29 thousand, gold and silver prices increased after the data was below expectations.
INCREASE IN GOLD AND SILVER AFTER EMPLOYMENT DATA
Before the critical data announced in the USA, ounce gold was traded at 4 thousand 179 dollars. After the data, ounce gold moved around 4 thousand 225 dollars.
Gram gold also increased from 6 thousand 606 lira before the data to 6 thousand 664 lira.
While the ounce of silver was at $61.05 before the non-agricultural employment data, it was traded around $61.70 after the data.
DOLLAR INDEX DECREASED
The dollar index also declined after the US employment data.
The dollar index, which was at 102,066 points before the critical data, dropped to 101,817 points after the announcement.
Open Questions
- Will this activity in the markets be permanent?
