Analysis: Non-farm payrolls report won't change Fed's wait-and-see stance

Odaily Planet Daily News: Gold experienced temporary pressure in the previous trading day after non-farm payrolls data showed that the U.S. economy added significantly more jobs than expected and the unemployment rate unexpectedly fell. However, Linh Tran, an analyst at XS.com, said in a report that the report did not indicate an overheated economy, but rather showed a relatively stable growth rate. Tran said this was not enough to force the Federal Reserve to reconsider its wait-and-see stance on monetary policy, which is why gold prices did not fall further. (Jinshi)