Gold breaks 4500 as confidence in US jobs data gets tested

US jobs data for December delivered a messy, two-way market reaction. 

According to the Bureau of Labor Statistics, total nonfarm payrolls rose by 50,000 in December. On its own, that headline looks like an economy that is still adding jobs, but at a very slow pace. 

Although, prior months were also revised down, including November to 56,000 from 64,000, and October to -105,000 from -173,000.   

Gold pushing through the 4,500 level has added to the sense that markets are struggling to settle on a clean interpretation of the data.  

Beyond the payrolls report, reporting in Japan has pointed to a possible snap election in February 2026, which can matter for yen pricing. 

For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.        

Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.

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