Analysts argue that, despite the decline, the latest nonfarm payroll data does not signal the end of the bull market in U.S. markets.
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According to a repot, the U.S. Nonfarm Payrolls released on Friday was overhyped, and it does not necessarily mean Fed will raise interest rates.
As the 100th day of the Iran War comes to a close, the European Central Bank is likely to raise interest rates next week.
Following the release of strong nonfarm payroll data and the declining likelihood of a Fed rate cut, the costs for investors holding gold are rising.
Why do strong non-farm payroll figures, which normally appear positive, cause declines in the gold and stock markets?