The US economy has shed 131,000 Jobs in July after having shed 125,000 jobs in June. DJI Futures turned negative dropping almost 100 points in the minute following the announcement and Gold has risen almost 1% or $11.00/oz to $1207/oz in the ten minutes following the announcement in what we have come to expect as a typical flight to safety.
A Reuters survey of economists had forecast the US economy to shed only 65,000 jobs in July.
