Gold rises after weak US data

Gold rises after weak US data

Gold rises after weak US data

Gold rose more than one percent on Wednesday, as the dollar fell following the release of weak jobs data in the US, has raised speculation that the Federal Reserve (the US central bank) may be more cautious in tightening monetary policy.

0.1 percent and the dollar down against the basket of major currencies after Tgarirodaf expected on jobs by the company “Aah.dbe.ba” and Otharalamkhaov that the official jobs data due for release on Friday may also refer to the deterioration of labor market conditions.

And increased spot price of gold 1.5 percent to the highest level in the session to $ 1200.40 an ounce (an ounce), and by 1415 GMT was trading 1.3 percent, up to $ 1199.67.

Rose US contracts for June delivery was $ 17 an ounce to $ 1200.20, while silver rose one percent in spot transactions to $ 16.78 an ounce, according to news agency Reuters.

And platinum rose 0.7 percent to $ 1147, while palladium rose 1.2 percent to hit US $ 740.98 an ounce.

Leave a Reply

Your email address will not be published. Required fields are marked *