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Gold Slips after U.S. Jobs Data as Commodities Fall


Monday, 12 March 2018 18:48 WIB

GOLDEMASBullionSILVER


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Gold headed for the lowest close in a month after Friday's better-than-expected payrolls data, which signal further strengthening of U.S. economy. Declines in other commodities also weighed on the metal.

Bullion for immediate delivery -0.5% to $1,317.47/oz Heading for lowest close since Feb. 9. Bloomberg Dollar Spot Index -0.1% since Thurs. close.

European, Asian stocks rise and yield on 10-Year Treasuries steady at 2.90%, U.S. Added 313,000 Jobs in February; Wage Gains Cool to 2.6%

Holdings in exchange-traded funds backed by gold declined by 0.7 metric tons on Friday. Total of 2,245 metric tons is lowest since Feb.22

In other precious metals : Silver -0.7% to $16.4779/oz

Source :  Bloomberg


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