Positive U.S. Payroll Data Gives Gold a Boost

Precious Metals

Reuters reported that gold showed modest gains on Friday, pulled up by positive U.S. payroll data.

Reuters reported that gold showed modest gains on Friday, pulled up by positive U.S. payroll data.

As quoted in the market report:

The decent payrolls data and signs of a recovering U.S. economy, however, have dampened gold’s investment case as a hedge against further monetary stimulus by the Federal Reserve and its safe-haven appeal, an analyst said.

To view the whole Reuters report, click here.

The Conversation (0)
×