RE:Market expecting gold to get slaughtered tomorrow
goldanalyst wrote: with July non-payroll numbers due out. Guess we will see if they are right
8:30 am Nonfarm payrolls July 845,000 (expected)
Yep tomorrow is going to be an important day for gold and gold stocks and will most likely be the catalyst or driving force in which direction gold goes in the next little while. See below for details. Tomorrow could be an awesome day or things could get real ugly for gold stocks.
A lot of focus has been put on the U.S. labor market as many analysts and economists see it as a critical factor in the Federal Reserve 's monetary policy decision. A strong employment report on Friday could put the U.S. central bank on pace to reduce its monthly bond-purchase program by the end of the year. A disappointing number could delay those tightening plans for the foreseeable future.