Gold prices rise before US jobs report

Gold prices saw a rise during Thursday’s trading session comes ahead of a report tomorrow the government functions from the US economy, this comes with the dollar fell somewhat during the American trading session today under ready market for the employment data.

Gold prices are trading at $ 1091.70 an ounce after recording the highest at $ 1093.20 an ounce and was opened today’s session at $ 1084.10 per ounce after it recorded the lowest level at $ 1082.70 an ounce.

Higher gold prices during the day’s trading session comes a correction in gold levels, which saw a significant drop during the last period, where investors work to correct the price of gold by the release of the US jobs data in order to open the door to take appropriate financial centers based on the movement of the dollar after the report tomorrow.

As for the US dollar thus allowing it to fluctuate near the highest levels recorded this week, after the release of weekly jobless claims data from the US economy today comes less than expected which brought confidence to the labor market after private-sector jobs, which came less than expected yesterday’s data.

The dollar index, which tracks the dollar’s performance against a basket of major currencies, is currently trading at 97.81 level after recording the highest at 98.17 and the lowest at 97.61 and had opened trading today at the level of 97.88.

Add a Comment