Gold and USD/CHF saw some movement after the release of weak US employment data. The lackluster report led to a drop in the US dollar, causing the Swiss franc and gold to gain ground.
Investors were closely watching the non-farm payrolls data, which showed a smaller-than-expected increase in jobs. This disappointing news prompted traders to shift their focus to safe-haven assets like gold and the Swiss franc.
As a result, the USD/CHF pair saw a decline, with the Swiss franc strengthening against the US dollar. Gold also benefited from the weaker US dollar, as investors sought refuge in the precious metal.
Overall, the weak US employment data had a significant impact on both the USD/CHF pair and the price of gold. Traders will continue to monitor economic indicators for further insight into the strength of the US economy.