Quoted on CNBC: Divided Gold Market Awaits Jobs Report

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Divided Gold Market Awaits Jobs Report

By CNBC’s Sri Jegarajah


“I don’t think that a negative number would come as a surprise unless it was bigger than projected,” said Edmund Moy, former director of the U.S. Mint. “It may have a temporary impact on increasing gold prices but will be discounted because it is seen as a singular event based on the shutdown. But if November numbers continue the trend or hover in neutral, that would have a longer impact on gold prices.”

Read the full piece at CNBC.com.

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