U.S. Jobs Report, Monetary Policy, and Gold
Last week's U.S. jobs report could have a more profound impact on monetary policy and gold prices than you might have thought heading into the news release. It's no secret that the Federal Reserve has been leaning heavily on the U.S. jobs report in setting monetary policy, which has an important impact on the strength of the U.S. dollar, which in turn influences gold prices. With the report showing that the labor market may be stabilizing, speculation over the Fed's next move for monetary policy is driving the dollar.
In the following video, Fool.com contributor Doug Ehrman discusses the U.S. jobs report, its influence on monetary policy, and how each could affect gold.
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The article U.S. Jobs Report, Monetary Policy, and Gold originally appeared on Fool.com.
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