US Government Stimulus Went Wrong. How Will Gold React?

2 weeks ago | Economy | 0 comments

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ValueWalk

Gold may benefit from government money flooding households and people less willing to work – as evidenced by the low value of nonfarm payrolls. Q1 2021 hedge fund letters, conferences and more According to the recent BLS Employment Situation Report , total nonfarm payrolls rose by 559,000 in May, following disappointing increases of 278,000 in April, as the chart below shows. What is disturbing here is that this time the US economy also added significantly fewer jobs than expected – economists surveyed by MarketWatch forecasted 671,000 additions. Moreover, labor force participation and employm…

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