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Gold faces new headwinds as ADP reports strong private-sector job growth

Barchart·09/30/2026 07:38:05
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(Kitco News) - The gold market is trying to find some stability but faces renewed headwinds as the U.S. private-sector labor market remains fairly resilient, according to the latest employment data from private payrolls processor ADP.ADP said Wednesday that 90,000 jobs were created in September, up from 36,000 in August. The data significantly beat expectations, as consensus estimates had forecast a gain of 73,000 jobs.