- Next week, investors will closely pay attention to Fed speak and any comments over tapering following this impressive nonfarm payroll report.
- The Bank of England remains positive about the outlook, having improved its growth and unemployment forecasts and set out plans for tapering of asset purchases and rate hikes.
- This employment report was terrible for gold as it did not support needs for safe-havens, and given a good chunk of the wage gains is from low-paying jobs, it did not do much for driving inflation hedges.
For further details see:
Week Ahead - Taper Debate In Focus