15 minutes agoGold prices rise by 2.5%
Periskopi(2 hours ago)
(2 hours ago)Gold prices rose by 2.5% on Thursday, recovering from an eight-month minimum, as weaker data than expected for US employment prompted investors to reduce expectations for further growth of Federal Reserve rates.
Gold rose by more than 2.5% to about $4,134 per ounce since 13:45. GMT, while gold-term contracts in the US also advanced. Silver followed the rise in precious metals, jumping about 4.6% to $66.77 per ounce, writes the paper. AnadoluPeriscope broadcast.
The profits came after the American economy added only 57,000 jobs in June, well below market expectations of 114,000 and marking a significant slowdown from last month.
The Labour Statistics Bureau also revised the April and May wage profits below with a total of 74,000.
The unemployment rate dropped unexpectedly to 4.2%, down from 4.3% in May, but the decline was caused in part by a drop in participation in the workforce, which dropped by 0.3 percentage points to 61.5%.
