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The gold market is looking for some stability after taking a significant hit Friday when financial data revealed that the UNITED STATE economy produced 2.5 million work last month.
Making matters worse for the rare-earth element is the truth that the market remains to deal with liquidity concerns as important market makers decrease their exposure, said Ole Hansen, head of commodity strategy at Saxo Financial institution.
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Liquidity issues and risk-on sentiment weighing on gold – Saxo Bank
The gold market is trying to find some stability after taking a major hit Friday when economic data showed that the U.S. economy created 2.5 million jobs last month.
Making matters worse for the precious metal is the fact that the market continues to deal with liquidity issues as critical market makers reduce their exposure, said Ole Hansen, head of commodity strategy at Saxo Bank.
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