Commentary from Jordan Hiscott, Chief Trader at ayondo markets
“I am mindful of investors becoming overly complacent. Admittedly, figures from the three previous non-farm payroll announcements show consistent job growth, and a rate hike from the FED has been on the agenda for a while now, backed by positive manufacturing figures released earlier in the week.
“But despite the consistently positive figures, assets are hugely volatile before non-farm payroll data is released. Gold in particular has just suffered its worst week for over three years, falling from $1300 to $ 1255 today.”