Gold rises after weak U.S. payrolls data

- July 2nd, 2010

On Friday, Gold rose after data showed U.S. employment fell for the first time this year in June, with bargain hunting after the previous day’s price drop also helping lend support to the market.

On Friday, Gold rose after data showed U.S. employment fell for the first time this year in June, with bargain hunting after the previous day’s price drop also helping lend support to the market.

The press release is quoted as saying:

Spot gold was bid at $1,206.35 an ounce at 1530 GMT (11:30 a.m. EDT) against $1,198.65 late in New York on Thursday. U.S. gold futures for August delivery rose 60 cents to $1,207.30.

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