Precious Metals

Gold Prices Rally as Data Disappoints

Precious Metals

The Street reported that expectations of weaker US job growth caused gold prices to rally today.

The Street reported that expectations of weaker US job growth caused gold prices to rally today.

The market news is quoted as saying:

Gold and silver prices diverged after the ADP employment report said that only 38,000 jobs were added in May and April’s figure was revised down by 2,000 to 177,000. The news sparked more interest in gold as a safe haven asset.

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