Commodities Analysis and Opinion

Strong Jobs Report and Stock Market Breakout Pressure Gold

06/05/2023

Less than a minute

2023.06.05 05:40

Jordan Roy-Byrne, CMT

The oversold bounce in precious metals reversed course quickly on Friday amid the strong jobs report. was hit the hardest, while and the miners declined less than Gold.

The question is if this news carries into next week and causes more of a decline in precious metals (which were short-term oversold three days ago) or if it fades quickly and the oversold bounce continues.

06/05/2023

Less than a minute

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