U.S. Job Growth Beats Expectations in September, But Slowing Wage Growth Could Ease Fed Rate Hikes
-
U.S. economy added 336,000 jobs in September, beating estimates and driving gold prices lower.
-
Strong labor market supports Fed's stance to keep interest rates high, putting pressure on gold.
-
Unemployment rate remains at 3.8%, missing expectations of a decline to 3.7%.
-
Wage growth slowed in September compared to summer months.
-
Analysts say labor market strength may not force Fed to maintain aggressive policy, potentially relieving pressure on gold.