Gold prices surge by $15 an ounce, despite a report that showed the U.S. economy added 192,000 jobs in March.
The Wharton School professor of management Peter Cappelli says March posted a good jobs report and the unseasonably cold weather drag on the economy seems to already be subsiding.
While government jobs fell, an uptick in construction and small change in financial services employment suggests the labor market was improving quicker than expected following cold weather; a good sign for April.
The U.S. Labor Department reports job growth expanded by 192,000 payrolls in March, but the unemployment rate remained at 6.7%.
Former White House press secretary Robert Gibbs said he expects the employer mandate to go, but this shouldn't be a surprise as a lack of Democratic and Republican support for it can be traced as far back as Bill Clinton's health care plan.
Fed Chair Janet Yellen isn't trying to mislead markets with her latest statements, but is trying to get market participants to sift deeper into the Fed's guidance.
Fenimore Asset Management's Drew Wilson isn't worried about the rise in initial jobless claims to 326,000 because the 4-week moving average barely moved higher.
TrimTabs CEO David Santschi expects 195,000 to 225,000 jobs created in March, and he hopes the spring weather will boost employment in the months ahead.
Crude oil inventories dropped by 2.4 million barrels, and despite the drawdown, investors were looking for an even larger inventory decline to make up for the glut of supply.
Gold prices pop as investors buy the yellow metal amid new-quarter reallocation.