Ha! The US even threw in the old dodgy US job report, on a...

Ha! The US even threw in the old dodgy US job report, on a Friday, to crush the price of gold, and for a short few moments, this went swimmingly..

The U.S. data point of the week, if not the month, this morning saw the March employment situation report from the Labor Department show a much-higher-than-expected rise of 303,000 in the key non-farm payrolls number. The marketplace expected a rise of 200,000 and compares to a revised gain of 270,000 in the February report. The unemployment rate was as expected at 3.8% versus the February report reading of 3.9%. This jobs report falls into the camp of the U.S. monetary policy hawks, who want to see the Federal Reserve hold off on cutting interest rates. June gold was last down $3.60 at $2,304.50. May silver was last down $0.60 at $26.65.

And then the gold price simply shrugged, and headed rapidly upwards..

Somewhere, Sherlock, the underlying tectonic plates have shifted,
If the word is out, gold is resetting to $US3000, then hey, why not get in first..

At the moment, spot is $US2325