The US economy gained 1.763 million jobs in July while the unemployment rate stands at 10.2%. Slow hiring trend is downbeat for the dollar and good for gold, FXStreet’s analyst Yohay reports. Key quotes “America gained 1,763 million jobs in July, 1.462 million in private payrolls, both better than expected – but a significant deceleration from June’s 4.791 million jobs. Overall, there still are some 10 million people who have not returned to work. Job restoration is slowing down.” “The current broad dollar downtrend could continue as other countries seem to be moving up and not down. Gold has room to extend gains amid speculation of further monetary and fiscal stimulus.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Index opens in red as investors assess NFP report FX Street 2 years The US economy gained 1.763 million jobs in July while the unemployment rate stands at 10.2%. Slow hiring trend is downbeat for the dollar and good for gold, FXStreet’s analyst Yohay reports. Key quotes “America gained 1,763 million jobs in July, 1.462 million in private payrolls, both better than expected – but a significant deceleration from June's 4.791 million jobs. Overall, there still are some 10 million people who have not returned to work. Job restoration is slowing down.” “The current broad dollar downtrend could continue as other countries seem to be moving up and not down. Gold has room… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
