US Dollar and jobs Daily Market Review
Gold goes up at $ 1,220.20 (+0.40) per ounce today, Silver Price $ 17.56 (+0.05), Dow Jones index goes up to 20,051.32 (Today’s change 0.84%), US Dollar and Jobs Situation report! The gold price hits 12-week highs.
US dollar and Jobs updates
The US dollar keeps climbing in the aftermath of the Federal Reserve's decision to raise rates for the second time this decade. The US dollar index is up by 0.8% at 103.01 as of 7:21 a.m. ET — an almost 14-year high.
U.S. Jobs report
It's the first jobs report to be released under the Trump administration. The jobs report has also become a contentious issue. This is because President Trump once dubbed the unemployment rate a "hoax." Meanwhile, the Trump administration talks a lot about bringing in lots of new jobs. US markets are on the rise after the better than expected headline jobs figure, with financial companies also benefitting from the prospect of looser regulation.
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