gold, blockchain

The precious metal saw disappointing non-farm payrolls data on Friday for the US dollar, and took its chance to strengthen on the back on weakening US currency. Demand for the commodity had no crucial news during last trading session, so all the moves were driven only by data coming from the world's largest economy.

NFP showed 126,000 gain in March, much lower as wide expectations and following a downwardly revised increase of 264,000 in February. Adding to the negative sentiment, labor force participation rate edged down to 62.7%, matching multi-decade lows as some 96,000 individuals left the labor pool.

In addition, the labor market conditions index (LMCI), a composite of 19 various indicators, tumbled to a negative 0.3 points in March from 2 points seen in February, as the indicator showed on Monday.

Nevertheless, the unemployment rate remained at 5.5% last month, still appropriate for the Federal Reserve's labor market target and leaving an argument for so-much expected rate-hike.

Gold seems to enjoy now some correction on the greenback, rising above the $1,200 level per troy ounce. On Monday we could see an increase above the $1,220 level, rising over 1.5% at the time of writing.

For any questions of recommendation, feel free to write us on
You can meet us at Forex Expo in Bratislava, in May 20-21, 2015