Get Ready for Volatility
by Gerardo Del Real
Employers added the fewest jobs in six years in the month of May, according to the most recent jobs report. The 38,000 workers added in May surprised nearly everybody as analysts had predicted a number closer to 160,000.
The miss sent gold, silver, and copper higher, while the dollar fell.
Gold and silver both rallied over 2%, with gold trading in the $1,240/oz. range and silver reaching $16.38/oz.. Copper was up over 1%, trading in the $2.13/lb. range, while the dollar fell approximately 1.4%.