Traders retreated for safer havens on Tuesday, as they awaited signals from the Federal Reserve meeting that began at 8:15 a.m. The dollar climbed, pushing down the prices of a wide array of commodities. Copper slipped 1.3 percent by 12:30 p.m. EST, down to $3.31 per pound. Gold, meanwhile, dropped $1.30 to trade at $1,201.30… Read more.
The much-anticipated jobs and U.S. unemployment figures from the Department of Labor came out to vindicate the bears, with a single caveat. In total, the U.S. shed 131,000 jobs in July; however, that figure included 143,000 temporary workers at the 2010 Census leaving their positions. By contrast, the private sector added 71,000 jobs in July;… Read more.