Gold prices edge down as private payrolls rose 2.37 million in June, big positive revision for May

July 1, 2020

New York (July 1)  Gold saw a slight move down after private-payrolls processor ADP reported slightly lower-than-expected job numbers for June but a big positive revision for May.

A total of 2.369 million jobs were created during the previous month, down from May’s upwardly revised 3.065 million, ADP said on Wednesday.

The report came slightly short of market expectations, which projected gains of 3 million jobs.


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