IKN

Win us with honest trifles

Gold up on the weak jobs number, but…

…it’s hardly a massive rush to hide behind the moneymetal, either.

The chart there looks quite dramatic but what we see is a base of 1262, a spike to 1272, and now up $5 from the pre-level at 1267. So, up five dollars…a wash (so far). Frankly, not much compared to the two dimes downspike in the USD on the same news. BLS jobs report NR here

UPDATE ten minutes later. It’s still pre-open (22 minutes to go) and gold’s given up all the gains, now 1260.

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