Gold prices are weaker Friday as the U.S. economy created more jobs than expected last month, according to the latest data from the Labor Department.
The Bureau of Labor Statistics said 287,000 jobs were created in January, economists were expecting to see job gains of 175,000. However the big number markets were watching were revisions to last month’s dismal report of only 38,000 jobs, which was actually revised lower to 11,000.
Gold prices were under modest selling pressure ahead of the report; August gold futures last traded at $1,342.50 an ounce down 1.5% on the day.
From *****
- Forums
- Commodities
- GOLD
- US Employment Situation Released On 7/8/2016 For Jun, 2016
US Employment Situation Released On 7/8/2016 For Jun, 2016, page-4
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online