| Gold prices retreated by one percent at the end of last week to reach 1,112 dollars per ounce, affected by the unrest status that characterized the markets following the release of American labor market data, a report by Sabaek Al-Kuwait Company said. The continuing decline of unemployment rates in the United States negatively affected the prices of gold and other precious minerals after the American economy succeeded in creating 173,000 jobs in last August, while analysts expected only 217,000 jobs to see light, the report added.
The analysts expected the gold prices to rise, while the value of the dollar to decrease after the release of US economic data, as the comprehensive positive development in the unemployment percentages in US to reach 5.1 percent has played a great role in not improving the gold prices, it said...............................................Full Article: Source
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