gold, page-31357

How long can US equity markets defy the data?
I've said previously that USD weakness would the the catalyst for higher gold prices in the short-term.
Meanwhile 'The Great US Job Numbers Farce' was high-lighted again: 66,000 less jobs created in March and April that previously reported.
Most people will now start ignoring the intial set of numbers when they are reported, as they are not worth a tin of fish.  

https://hotcopper.com.au/resources/...ut-stocks-scale-new-peaks.62754/#.WTIAd1V96Uk

Dollar tanks on U.S. jobs data but stocks scale new peaks

• Dollar slips to 7-month low on weaker jobs data
• Oil slips as U.S. climate-pact exit compounds glut fears

The dollar fell to seven-month lows on Friday after data showed the U.S. economy created fewer jobs than expected in May, but equity investors took the news in stride and pushed leading American, British and German stock indexes to record highs.
U.S. job creation slowed last month and employment gains in the prior two months were revised lower, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 percent.
The lackluster data lifted gold prices to a six-week peak as the report lowered expectations for the Federal Reserve to raise benchmark U.S. interest rates this year after a hike that most analysts still anticipate later in June.
Nonfarm payrolls increased 138,000 in May as the government, manufacturing and retail sectors lost jobs, the Labor Department said. The U.S. economy created 66,000 fewer jobs than previously reported in March and April.