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Tag: jobs
October Payrolls Surge Past Expectations as U.S. Economy Adds 165,000 Jobs
The United States labor market demonstrated surprising resilience in October, rebounding sharply from previous months with a robust job creation figure that easily outpaced consensus forecasts. According to the payrolls report released by market strategists, the American economy added 165,000 jobs during the month, defying expectations for a much more subdued reading. The latest employment…
Junior Miners Rally as Gold Slumps on Strong Jobs Report, But Analysts Warn the Bounce is Corrective
The precious metals sector is experiencing a turbulent start to the week, characterized by a sharp divergence between gold prices and junior mining equities. At the time of writing, the VanEck Junior Gold Miners ETF (GDXJ) is trading near $111.70, hovering just below an intraday peak of $112.81. Meanwhile, December gold futures are holding near…
