| The dollar gold price posted a significant jump Friday afternoon following the release of much weaker-than-expected US employment data, pushing the paper market even further from physical fundamentals.
In total 38,000 new jobs where created, according to US non-farm payroll data, falling far short of market expectations of 160,000 and easing the possibility of an interest rate hike by the Federal Reserve at its next meeting mid-June. The London Bullion Market Association Gold Price posted a $29.5 increase between the morning and afternoon settlements, jumping from $1,211/troy oz to $1,240.50/tr oz...............................................Full Article: Source
|