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Gold prices end back above $1,500 after U.S. private-sector employment data


Thursday, 3 October 2019 01:25 WIB

GOLDEMAS


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Gold prices settled back above the key $1,500 mark on Wednesday, after private-sector employment showed that the pace of hiring in the U.S. is slowing, reviving worries about a recession in the U.S. economy and spurring the purchase of assets perceived as havens.

Gold for December delivery on Comex gained $18.90, or 1.3%, to settle at $1,507.90 an ounce, after advancing 1.1% on Tuesday. The yellow metal had settled below the psychologically significant level at $1,500 in the last two consecutive sessions. Meanwhile, December silver picked up 38.1 cents, or 2.2%, to $17.683 an ounce.

Source: Marketwatch


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