What Jobs Report Means for Gold

Summary: CNBC’s Jackie DeAngelis and CME traders discuss how the employment outlook affects the price of gold and how you should position yourself to anticipate these reports. Speaking, specifically, on the Jan. 10^th jobs report for December 2013, the traders talk about what higher-than expected unemployment rates could mean for the pace of Fed tapering, as well as its influence on the gold market. They go on to say that if the unemployment number comes out weaker than expected, as it did, people will quickly realize that they should buy gold as they start questioning the progress of the stimulus taper, which will drive prices up. Watch the video here…