{"id":52310,"date":"2021-10-08T20:56:44","date_gmt":"2021-10-08T16:56:44","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52310"},"modified":"2021-10-08T20:56:48","modified_gmt":"2021-10-08T16:56:48","slug":"weak-job-numbers-are-good-news-for-gold","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/weak-job-numbers-are-good-news-for-gold\/10\/08\/market-updates\/","title":{"rendered":"Weak job numbers are good news for gold"},"content":{"rendered":"\n<p>The job data announced Friday by the Labor Department imply more dollar-printing from the Federal Reserve until investors have a rethink.<br><br>While America gained only 194,000 positions in September, upside revisions and silver linings such as temporary Delta-related halts changed the direction.<br><br>As the expectation for Fed\u2019s tapering has become lower, the weak data is still good enough for the bank to cut back on its $120 billion\/month scheme. The precious metal has erased its gains.<br><br>Looking up, the resistance cluster awaiting at $1,765 seems weaker. It consists of the PP one-day Resistance 1 and the Fibonacci 38.2% one month.<br><br>Looking further above, the next line to watch is $1,780, which is a juncture of lines including the Bollinger Band 15min-Upper, the PP one-day Resistance 3 and the Simple Moving Average 200-4h. <br><br>Below $1,748, the next cushion is $1,738, which is where the Fibonacci 61.8% one week hits the price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The job data announced Friday by the Labor Department imply more dollar-printing from the Federal Reserve until investors have a rethink.While America gained only 194,000 positions in September, upside revisions and silver linings such as temporary Delta-related halts changed the direction.As the expectation for Fed\u2019s tapering has become lower, the weak data is still good &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6885,6874,7603,7468,6858],"class_list":["post-52310","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-fed","tag-gold","tag-gold-prices","tag-tapering","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52310"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52310\/revisions"}],"predecessor-version":[{"id":52315,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52310\/revisions\/52315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52060"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}