ADP reports 145K private-sector jobs in March, gold prices remain above $2000.

Gold prices are holding above $2,000 despite weaker-than-expected growth in the US private-sector labor market, according to ADP. The latest employment data will add to growing speculation that the Federal Reserve is done raising interest rates, despite some hawkish rhetoric from the central bank. The report noted that wages are starting to decline, which for some, is an indication that inflation is cooling. The ADP report will be the only chance markets will have to react to monthly employment data as markets will be closed Friday for the Easter long weekend.