Analysis: Non-Farm Payroll Report Will Not Alter the Fed's Wait-and-See Stance

BlockBeats News, July 5th, following the Non-Farm Payrolls data showing a significant increase in US economy added jobs surpassing expectations and an unexpected drop in the unemployment rate, gold experienced temporary pressure in the previous trading day.

However, XS.com analyst Linh Tran stated in a report that this report did not indicate an overheating economy but rather demonstrated a relatively stable growth pace. Tran said that this was not enough to force the Federal Reserve to reconsider its cautious stance on monetary policy, which was also the reason why the gold price did not further decline. (Jin10)