Key Points
US employers added 336k jobs versus the forecast of 170k jobs in September as a two-month payroll net revision was noted at +119k..
Spot gold snapped its nine-day long losing streak to settle with a gain of 0.69% at $1,833 on Friday...
The US dollar index fell despite a higher than expected number of job additions as the markets focused on the data of hourly earnings and unemployment rate..
Risk assets rallied on the notion of a soft landing possibility, which pushed the Dollar Index lower, thus helping gold recover from its day's low of $1,810 to close with a gain..
The US data released in the week were mostly upbeat: ISM manufacturing was noted at 49 as against the forecast of 47.90; ISM manufacturing performance jumped back into the expansion zone; JOLTs job openings at 9610k jobs versus the estimate of 8815k jobs were a 4 standard deviation beat; factory orders at 1.20% topped the forecast of 0.30%; ISM services Index at 53.60 beat the forecast of 53.50; initial jobless claims and continuing claims were better than expected...
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