LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Understanding Today's Move in Gold

[bubbleworld]

Today (Friday May 2nd) Gold shot up by $20, moving from $1280 to $1300 really quick. However, the employment report on the Link: Bloomberg Economic Calendar for today was really good.

So er... why did Gold go up? I thought the relationship would be inverse, where signs of recovery in the U.S. make the price of gold go down. Is it just Ukraine flaring up again? The headlines on Ukraine are so continuous now I'm not sure if the current actions there are "more severe".

Just trying to understand today's move. Thanks to anyone with insight! and GLTAL

[alfonsoronald]

This post has been removed in accordance with Community Policy

[stwatcher]

The Daily Market Report: Gold Regains $1300 on Mixed Jobs Data, Heightened Tensions in UkrainePosted onMay 2, 2014byNews 02-May (USAGOLD) — Gold initially slipped on the heels of this morning’s better than expected headline jobs numbers for April. However, the market found some of the underlying data disappointing and some level of uncertainty emerged, and the intraday

[bubbleworld]

Thank you very much stwatcher, those underlying trends of participation rate and age group data are thought provoking. Have a great day!