Gold’s Quick Jump Following Jobs News A Hedge Move — iiTrader’s Rich Ilczyszyn

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Founder and Chief Market Strategist at iiTrader, Rich Ilczyszyn, takes a moment to comment on the below-than-expected jobs numbers and gold’s immediate movement following the release. Analysts expected the figures to be in the 190,000 ball park but disappointed, coming in at 113,000 prompting a $10 jump in gold before the yellow metal retreated. Ilczyszyn told Kitco News that he sees this as a hedge move at the moment and that he expects U.S. data over the next 60 days to be a little rough, which he says would prompt some dovish talk from the Fed’s Janet Yellen.

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