US Stock Market Move | Gold sector leads with Coeur Mining, Inc. (CDE.US) up over 8% at the opening.

On Thursday, the gold sector led the gains at the opening, with Coeur Mining, Inc. (CDE.US) up more than 8%, Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US) up more than 7%, USA Gold Corp (USAU.US) up more than 6%, Gold Fields Limited Sponsored ADR (GFI.US) up more than 5%, and Kinross Gold Corporation (KGC.US) up more than 4%. On the news front, international precious metals rose quickly after the disappointing U.S. June nonfarm payrolls data, with spot gold rising nearly 3% to $4140.15 and spot silver surging nearly 5% to $61.99. On Thursday, data released by the U.S. Department of Labor showed that nonfarm payroll employment increased by only 57,000 in June, about half of the market's expectation of 113,000 and a significant decline from the previous value. After the release of the nonfarm payroll data, the market reduced bets on a rate hike by the Federal Reserve, and has fully digested the expectation of a rate hike in December, which was previously expected in October.