Current ADP Data 155K vs Prediction 60K; Gold Prices Decline

The United States has released the ADP employment data, which significantly influences Gold’s movement in trading on Wednesday (April 2, 2025).

According to ADP, the data for March indicates an increase of 155,000 jobs, which is markedly higher than the forecast of 60,000 jobs from Trading Central and the previous month’s total of 84,000 jobs.

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Following this release, Gold prices fell to approximately $3,117 per troy ounce.

However, market participants are now eagerly awaiting details regarding the reciprocal policy that President Donald Trump is set to implement starting today.

With this policy, Trump plans to raise import tariffs on countries that increase their tariffs against the United States.

He has labeled this approach as the “largest ever” and indicated it will apply universally. If this is true, there could be an escalation in trade tensions, potentially fostering a favorable sentiment towards Gold.