US June nonfarm payrolls rose 57k vs 110k expected; prior two months were
revised down by a combined 74k, the BLS said. The unemployment rate fell, driven
by a sharp drop in labor force participation as workers exited the labor force.
Spot gold jumped on the data and markets trimmed bets on earlier Fed tightening,
shifting the expected timing of the next Fed rate hike from October toward
December.
