This is what JP Morgan say:
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“Overall, this is a solid but not spectacular report. The most important statistic, however, is the unemployment rate, which at 5.3% has already attained the [Federal Open Market Committee's] median projection for the fourth quarter of this year. Yet again the U.S. labor market is showing a limitation in supply whereby even moderate job growth is clearly absorbing what little slack remains. The lack of wage growth should be enough to prevent a Fed tightening at the end of this month (although some Fed officials may vote in favor of one). However, this jobs report clearly shows “further tightening in labor market conditions” and so supports the idea of a first rate hike by September.” –David Kelly, J.P. Morgan Funds
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The US economy has added jobs for 57 straight months and the unemployment rate is the lowest since 2008.
If gold falls below $1,140, which I expect shortly it's something of a black hole with little support above $1,000.
