UUP - Gold ticks up and the Dollar index slides in first reaction to Friday's jobs reports

As jobs data hits the market today, investors' first reaction is to buy gold and sell the U.S. dollar.The U.S. unemployment rate surprisingly rose from 5.8% to 5.9% as the consensus was a drop to 5.7%. Also, nonfarm payrolls data showed that the United States added 850K jobs in June compared to the expectations of 700K. The U.S. has not added this high level of jobs since August of 2020, nearly one year ago.The market's first reaction appears to buy gold and sell the U.S. dollar, indicating that more emphasis is being focused on the unemployment figures versus nonfarm payrolls data.Gold has ticked up on the day, now +0.70%, as it looks to retest the $1,800/oz zone since its recent selloff. Below are a handful of gold exchange traded funds.Gold ETFs: SPDR Gold Trust ETF (GLD), VanEck Vectors Gold Miners ETF (GDX), VanEck Vectors Junior Gold Miners ETF (GDXJ), Direxion Daily

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Gold ticks up, and the Dollar index slides in first reaction to Friday's jobs reports