Gold Rallied 6% This Week. Tomorrow One Number Decides Whether It Holds.

Gold rallied 6% this week after a weak ADP jobs report cut the September Fed hike probability by 10 percentage points. Here’s exactly how tomorrow’s NFP number will move gold and silver.
Jobs Missed. Gold Hit $4,200. Silver Hit $62.

July ADP private payrolls came in at just 44,000, less than half the forecast. Here is the three-force mechanism that sent gold to $4,200 and silver to $62.
