A weaker than expected NFP number, with the previous month being revised significantly lower, saw gold move up sharply after hitting a low at 1359 in early trading.
The market climbed as high as 1393 before finding resistance, though continued to find buying through to the close, with escalating tensions in Syria ensuring the bid remained firm.
The dollar was sharply lower as doubts over the timing of QE tapering resurfaced and treasury interest rates fell on the weak data. Equities fell sharply, though quickly recovered to pre-NFP levels and are again finding buying this morning.
Oil has surged back above $110 a barrel, fuelled by Syria - this continues to be a bullish factor for gold.
Today's video looks at the big picture and our thoughts on where gold is headed next.
The market climbed as high as 1393 before finding resistance, though continued to find buying through to the close, with escalating tensions in Syria ensuring the bid remained firm.
The dollar was sharply lower as doubts over the timing of QE tapering resurfaced and treasury interest rates fell on the weak data. Equities fell sharply, though quickly recovered to pre-NFP levels and are again finding buying this morning.
Oil has surged back above $110 a barrel, fuelled by Syria - this continues to be a bullish factor for gold.
Today's video looks at the big picture and our thoughts on where gold is headed next.