Gold Jumps Above $1200 As Bond Yields, Dollar Drop After ‘Disappointing’ Jobs Data

While the headline print for payrolls beat economists' expectations, it failed to beat the whisper number (and earnings were weak) and it appears traders are fading the media's exuberance…

Payrolls printed 235k vs 200k expectations (but was only in line with the whisper number of 235-240k) and earnings disappointed… the result appears to be "sell the news" in the dollar…

 

And gold is back above $1200..

 

As Bond yields leak lower…

via http://ift.tt/2mPbYzZ Tyler Durden

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