ADP Private Payrolls Improve Drastically for May, Gold Slips Below USD 1,700

  • Jun 04, 2020 AEST
  • Team Kalkine

Gold spot slips below USD 1,700 per ounce post stronger-than-expected U.S. private payrolls data was reported.

  • ADP Non-Farm Employment or the private payrolls dropped by just 2.76 million for the Month of May as compared to the market anticipation of 9.0 million, which bolstered the market confidence in the economic recovery.
  • The data represents the change in the number of employed people during a month, excluding the ones engaged in the farming industry.


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