- US Dollar soars across the board after NFP.
- US ISM Service brings in more favourable data.
- Silver drops by more than 3% on Friday; down 8% from Thursday’s peak.
Metals extended the sell-off after the US official employment report. Silver hits fresh monthly lows near $22.50 and is having the worst day in months.
Strong labor market, Service sector expanding again
US economic data released on Friday came in above expectations, reflecting a strong labor market and an improvement in service sector activity. The numbers boosted the US Dollar and Treasury bond yields. Wall Street is moving without a clear direction.
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