The US jobs report for May is out, and it includes a big upside surprise

[rcjordan]

Mohamed A. El-Erian‬


1. Job Creation: A significant beat at 172,000 versus the 88,000 consensus forecast (and a "breakeven" rate of ~50,000); and
2. Revisions: The previous two months were revised up by a substantial 93,000.

[rcjordan]

"Strong jobs data and expectations the Federal Reserve will maintain or raise interest rates this year pushed gold and silver prices to two-month lows on Friday."