Gold gains on risk aversion despite strong US payrolls data
Gold prices rose over 1% on Wednesday as investors avoided riskier assets despite stronger-than-expected private U.S. payrolls data.
Gold Futures Trade Higher After U.S. Private Payrolls Rise
Gold prices rise in early trading as investors await U.S. private payroll data for cues on the Federal Reserve’s next policy move. Futures in New York are up 0.9% to $3,991.60 a troy ounce. “Gold prices rebounded toward $4,
The Business Times
Gold edges lower as US jobs data dents rate-cut expectations
Bullion hit a record high of US$4,381.21 on Oct 20, but it has fallen close to 10% since Read more at The Business Times.
US July payrolls rise more than expected
U.S. job growth surged much more than expected in July and the unemployment rate ticked lower, giving the Federal Reserve enough cushion to stay on its aggressive rate hike path as it tries to tame inflation.
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