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Gold Action to Remain Tranquil Until March Jobs Report Emerges

August 17, 2023
in Trade Tube
Reading Time: 1 min read
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Traders and analysts say gold likely won’t make a significant move until Friday, when the March jobs report emerges. Independent metals trader Matt Hoverman tells TheStreet’s Joe Deaux that gold watchers will remain on the sidelines for the report, despite the fact that other domestic economic data will print before then. Hoverman says the European Central Bank, which reports its monetary policy on Thursday, initially may impact gold, but he doesn’t expect it to be this week’s driver.

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