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Gold Falls After Jobs Report


Friday, 4 October 2019 20:26 WIB

GOLDEMAS


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Gold prices fell on Friday after the monthly jobs figures in September even though nonfarm payrolls rose by just 136,000 as the economy nears full employment, the Labor Department reported.

Spot gold was down 0.25% at $1,501.71 an ounce, having climbed in the previous session to its highest since Sept. 25 at $1,518.50. U.S. gold futures fell 0.46% $1,506.5.

ANZ analyst Daniel Hynes said the disappointing economic indicators from the United States in recent days were supporting safe-haven buying.

U.S. services sector activity slowed to a three-year low in September amid rising concerns about tariffs, a survey showed on Thursday, following a succession of poor economic data this week.

Source : CNBC


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