Trusted Bullion Services… Straight from the Source®

August 04, 2023

Stocks and metals initially rose Friday on the latest jobs report before retreating into negative territory later in the session. In July, 187,000 jobs were created, which missed expectations and was the lowest level since December 2020. However, wage growth came in higher than expected, rising 4.4% year-over-year, leaving the effects this data will have on Fed policy unclear. The Dow is down 100 points, nearly a 400-point swing from today’s high, and the S&P 500 shed 0.4% heading into the final hour of trading.