The seasonally adjusted non-farm payroll employment in the United States in October was 150,000, the smallest increase since June. It was expected to be 180,000, compared with the previous value of 336,000. Spot gold rose nearly $10 in the short term and is now at $1,997.16 per ounce. Spot silver rose by $0.2 in the short term and is currently at $22.83 per ounce. The U.S. dollar index fell nearly 40 points in the short term and is now at 105.51. U.S. Treasury yields fell after the release of non-farm payrolls data, with the 10-year Treasury yield falling to 4.578%.
After the non-agricultural data was released, federal funds futures prices showed that the possibility of the Federal Reserve raising interest rates by January next year dropped to less than 20%.
The U.S. unemployment rate in October was 3.9%, the highest level since January 2022. It is expected to be 3.80% and the previous value was 3.80%.
