Gold moves up slightly as US labor market improves

Discussion in 'Metals' started by Profiforex_Victory, Sep 8, 2016.

  1. Profiforex_Victory

    Profiforex_Victory Новичок

    Gold prices moved up very slightly today. The small increase comes as investors react to the most recent data from the U.S. data including remarks coming from the President of the European Central Bank, Mario Draghi.

    Gold for December delivery on the Comex division of the New York Mercantile Exchange went up slightly by $1.05. This is a very small rise of 0.09%. Such that the precious metal traded today at $1,350.35.

    The amount of persons filing for unemployment assistance in the U.S. last week had dropped down to a low of seven weeks. This brought about indications that the US labor market was doing impressively.

    The U.S. Department of Labor had reported that the amount of persons who filed for initial jobless benefits had gone down by 4,000; dropping down to 259,000 for last week. Analysts were having expectations of jobless claims going up by 2,000 to 265,000 from last week’s total of 263,000.


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