Gold Prices Keep Rising on Weak US Jobs Data

Precious Metals

Gold prices were still on the rise on Thursday as the US released weaker than expected employment data, the Wall Street Journal reported. As quoted in the publication: Gold futures were up roughly 0.6% in recent trading to $1,281.70 a troy ounce on the Comex division of the New York Mercantile Exchange, according to FactSet …

Gold prices were still on the rise on Thursday as the US released weaker than expected employment data, the Wall Street Journal reported.
As quoted in the publication:

Gold futures were up roughly 0.6% in recent trading to $1,281.70 a troy ounce on the Comex division of the New York Mercantile Exchange, according to FactSet data. Gold had pulled back over the last two sessions as the dollar strengthened, but Thursday’s market action continues this year’s overall winning streak for gold. The yellow metal is up some 21%, as investors searched for safety amid global economic uncertainty earlier in the year.

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