Analysis: The non-farm payroll report will not change the Federal Reserve's wait-and-see stance

Gold experienced temporary pressure in the previous session after non-farm payrolls data showed that the U.S. economy added significantly more jobs than expected and the unemployment rate unexpectedly fell. However, XS.com analyst Linh Tran said in a note that the report did not indicate overheating, but rather showed a relatively stable growth rate. Tran said that this was not enough to force the Federal Reserve to reconsider its wait-and-see stance on monetary policy, which is why gold prices did not fall further.