Gold Holds Near $1,800 After Data Show U.S. Shedding Jobs
- Omicron likely delivered temporary blow to U.S. labor markets
- Traders will scrutinize Friday’s nonfarm payrolls report
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Gold advanced and the dollar pushed lower after a report showed companies in the U.S. unexpectedly shed jobs last month.
Businesses’ payrolls fell last month by the most since April 2020, according to ADP Research Institute data released Wednesday. Meanwhile, Euro-area inflation unexpectedly accelerated to a record, overshooting expectations by the most in at least two decades.