
U.S. non-farm payrolls increased by 22,000 in August, falling short of the market consensus expectation of 75,000, while the unemployment rate rose from 4.2% to 4.3%, hitting a 4-year high. The labor force participation rate was 62.3%, in line with expectations. June's non-farm payrolls were revised down by 27,000 from 14,000 to -13,000, and July's figure was revised up by 6,000 from 73,000 to 79,000. After revisions, the total was 21,000 lower than before. #Market The increased expectation of rate cuts boosted gold by $20.
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