If in the previous session, the spot price of XAU on the international market suddenly decreased when the US announced negative economic data, then in the evening session of June 5, it fluctuated according to the rules.
The US released labor data showing that this market is weakening rapidly. In May, US private businesses hired fewer workers than market expectations.
Job growth and wage growth will slow in the second half of 2024. Observers are watching for notable weaknesses in the labor market, tied to both producers and consumers.
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