US Data Update

US Data Update:

U.S. Non farm payrolls Aug Exp 110 K Prv 92 K Act -.40KU.S.
Avg. hourly earnings M/M Aug Exp 0.30% Prv 0.30% Act .030%
U.S. Unemployment rate Aug Exp 4.60% Prv 4.60% Act 4.60%

Impact:

• Data is positive overall for Bullions.
• U.S. AUG CONSTRUCTION JOBS DOWN 22000.BASE METALS COULD FALL ON THIS DATA .
• The dollar plunged after a key employment report came in much weaker than expected, cementing expectations for a cut in interest rates and aggravating fears that the US is heading into a recession.