The concept
Definition: the monthly change in U.S. jobs excluding farm workers. Published by the BLS, usually the first Friday of the month.
Why it matters
It is one of the most market-moving releases.
How markets interpret it
Big surprises can move gold sharply within seconds. Revisions to prior months matter too. Market reactions are never guaranteed: they depend on expectations, positioning, and other news.
How it may relate to gold
Strong payrolls can lift rate expectations and weigh on gold; weak payrolls can do the opposite.
Key takeaways
- NFP: BLS, first Friday monthly.
- Check revisions and wages.
Knowledge check
NFP is usually released…