Last Thursday night at 20:15, the number of ADP employment in the United States was released in June. It was expected to be 22.8 and the actual value was 49.7. The actual value was more than double the expected value, which is negative!

The non-agricultural employment population will be released on Friday today, which will have a greater impact. From the perspective of ADP, the non-agricultural employment will also exceed expectations!
ADP is also known as the "small non-agricultural" monthly indicator to measure changes in non-agricultural employment in the U.S. private sector. The data is collected from about 500,000 anonymous U.S. companies, which is a reflection of the employment situation in the United States.
Higher-than-expected payrolls are usually seen as a signal of strength in the U.S. economy, as they indicate that private companies are adding more jobs, which boosts consumer confidence and spending, boosting economic growth. However, if ADP payrolls grow too fast, it could raise inflation concerns, as it could lead to a tight labor market and higher wages, which in turn would push up prices.
Non-farm payroll data, known as the king of data, when this data increases. It shows that the employment in the United States is improving and the country's economy is strengthening, which will be good for the dollar and negative for precious metals such as gold.