Gold price tops $4,100 after U.S. jobs data revisions fuel Fed-rate hopes
Gold jumped past $4,100 on Thursday after the latest U.S. payrolls data pointed to a softer labor market than markets had been expecting. The headline was a 57,000 job gain for June, but the Bureau of Labor Statistics cut April and May’s numbers by a combined 74,000, so the revisions wiped out more jobs than were added last month. Economists in the Reuters poll were looking for a 110,000 increase.