Will the U.S. Jobs Report Derail the Gold Rally?

The U.S. Bureau of Labor Statistics recently released weekly data on the condition of the U.S. labor market that showed the unemployment picture is better than expected. This parallels a recent rally in gold prices that has been driven by demand for physical gold. The rally represents a potential structural shift in the gold market, explaining why miners like Goldcorp (NYSE: GG  ) , Barrick Gold (NYSE: ABX  ) , and Newmont Mining (NYSE: NEM  ) ¬†outperformed the SPDR Gold Trust (NYSEMKT: GLD  ) for the week after the two-day plunge in gold prices (see chart below) and roughly in line since that same plunge.

GLD Chart

Source: GLD data by YCharts.

In the video below, contributor Doug Ehrman discusses the potential impact of the U.S. jobs report on the gold market and what investors can expect from here.

Goldcorp is one of the leading players in the gold mining market. For the last several years, investors have been the beneficiaries of several successful acquisitions and strong organic growth. Goldcorp's low-cost production of one of the most sought-after metals in the world continues to make this stock an attractive choice for long-term investors. To learn everything you need to know about this mining specialist, you're invited to check out The Motley Fool's premium research report on the company, which comes with a full year of ongoing updates and analysis to keep you informed as key news breaks. Click here now to claim your copy today.

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Related Tickers

9/30/2016 12:55 PM
GLD $125.63 Down -0.44 -0.35%
SPDR Gold Trust CAPS Rating: **
ABX $17.82 Down -0.13 -0.70%
Barrick Gold CAPS Rating: ***
GG $16.60 Down -0.06 -0.33%
Goldcorp CAPS Rating: ***
NEM $39.46 Up +0.41 +1.05%
Newmont Mining CAPS Rating: ***