Morning Call: Gold Pummeled; Dollar Surges To 3-Year High, 10-Year Yield Hits 2-Year High After Strong Jobs Report
The unemployment rate held steady at 7.6 percent, a bit higher than the 7.5 percent that was anticipated.
Other details of the report showed that average hourly earnings rose by 0.4 percent in June, much better than the 0.2 percent that was expected. At the same time, average weekly hours worked remained unchanged at 34.5.