The most active gold contract for December delivery went up 1 USA dollars, or 0.09 percent, to settle at 1,137.60 dollars per ounce. Non-farm payrolls rose by only 142,000 last month, below economists’ expectations of 203,000.
“Labor has reported a healthy average of 212,000 job gains a month this year, but advances in August slowed moderately to 173,000 – a drop that many economists attributed to a tendency for initial payroll estimates in August to be undercounted because of seasonal...
The greenback rose on Friday as dollar bulls took heart after Federal Reserve Chair Janet Yellen kept the door open to a hike in interest rates later this year, a week after the central bank delayed aa long-anticipated move.
Gold fell from one-month highs on Friday after Federal Reserve chair Janet Yellen kept the door open to an increase in USA interest rates this year, sparking a dollar rally, while palladium was on track for its biggest weekly rise in nearly four years.
The policy change, which Kerry said would result in the Obama administration’s accepting 85,000 refugees next year – up from 70,000 – rising to 100,000 in 2017, comes as the refugee crisis in Europe threatens to explode into outright chaos.
“Asset classes like gold are still expensive and they are fundamentally likely to suffer if US rates go up, if the dollar remain strong“, Manpreet Gill, head of fixed income, currency and commodities investment strategy at Standard Chartered Plc, said in an interview...
“There’s plenty of people out there who want to raise taxes and have a new idea for a tax every single day of the week”, the treasurer told reporters during a joint press conference with the finance minister, Mathias Cormann.