Will June's employment data mark a turnaround for gold?

The Fed was reminded that its dual mandate includes labor-market conditions as the U.S. labor market lost momentum in June. While inflation remains a persistent threat, softer employment momentum supports a more dovish rate-path narrative, offsetting inflation concerns.

Analysis

The Fed was reminded that its dual mandate includes labor-market conditions as the U.S. labor market lost momentum in June. While inflation remains a persistent threat, softer employment momentum supports a more dovish rate-path narrative, offsetting inflation concerns.