Gold prices rose more than 1.2% to almost $1834 per ounce, a...

Gold prices rose more than 1.2% to almost $1834 per ounce, a 2-1/2 month high supported by a weaker USD dollar after the disappointing non-farm payrolls employment report put in question the US Federal Reserve's pledge to wind down bonds purchases. The payrolls report showed the economy added the lowest number of jobs in 7 months and wages rose much more than expected adding to inflationary pressures. Thus raising further market concerns about the impact of the coronavirus delta spread on the now slowing US economy and rising price pressures.

Source: Investing.com.

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