Gold prices push above $4,200 as ADP says 44k jobs created in July - KITCO
Gold prices push above $4,200 as ADP says 44k jobs created in July - KITCO
Source: KITCO
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DW NOTE
ADP's 44,000 job print for July is the weakest since the pandemic. The Fed is holding rates at 3.50-3.75% with inflation still above target, the deficit running at 6% of GDP, and now payroll growth has stalled. Gold at $4,200 isn't a speculative bet — it's what you buy when the central bank has no room left to ease and no willingness to tighten.