11.05.2015 - Gold Holds Gain on Rate Outlook After Jobs Data; Palladium Drops
Gold held an advance as investors gauged the outlook for higher interest rates after data showed that U.S. payrolls increased and unemployment fell while wage gains were limited. Palladium dropped from an eight-week high. Bullion for immediate delivery added as much as 0.2 percent to $1,190.54 an ounce and was at $1,190.05 at 8:55 a.m. in Singapore, according to Bloomberg generic pricing. The metal rose 0.3 percent on Friday after the Labor Department release to cap the first weekly gain in a month. Gold in Shanghai fell...............................................Full Article: Source
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