Economy
Friday August 5, 2016
For the week, down 1.1%
Gold fell 1.8% u $ s 1337.70 Friday, pushed by a rising dollar after data showed the US created more jobs than expected in July , which increased expectations that the Federal Reserve will raise rates interest this year. However, it ended the week with an increase of 1.1%
nonfarm US payrolls increased by 255,000 jobs last month , due to a general increase in contracts and after an upwardly revised 292,000 more jobs in June figure, the Labor Department said on Friday.
gold is highly sensitive to rising interest rates in the United States due that they increase the opportunity cost to have the ingot, which pays no interest, while strengthening the dollar.
the dollar index rose 0.5% against a basket of six major currencies and global stock markets advanced after the data.
the sales of physical gold remained slow in Asia this week, but is expected to appetite increase with the approach of seasons festivities in India and China , the two main markets for ingot
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08/04/2016
Gold rose 0.2% to 1361.40 or $ s
2.
03/08/2016
The gold was down 0.5% to 1358.40 or $ s
3.
02/08/2016
Gold rose 0.9% to 1364.90 u $ s
4.
08/01/2016
Gold closed stable at u $ s 1352.10
5.
07/29/2016
Gold rose 2.6% to u $ s 1352.70 in July
6.
07/28/2016
Gold climbed 0.6% to 1335.10 u $ s
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