- Analytics
- News and Tools
- Market News
- Gold price traded higher after the U.S. labour market data
Gold price traded higher after the U.S. labour market data
Gold price traded higher after the U.S. labour market data. The U.S. economy added 223,000 jobs in April, missing expectations for a rise of 224,000 jobs, after a gain of 85,000 jobs in March. March's figure was revised down from a rise of 126,000 jobs.
The U.S. unemployment rate fell to 5.4% in April from 5.5% in March, in line with expectations. It was lowest level since May 2008.
The decline was driven by more people entering the labour force.
Average hourly earnings increased 0.1% in April, missing forecasts of a 0.2% gain, after a 0.2% rise in March. March's figure was revised down from a 0.3% increase.
These figures are signs that the labour market in the U.S. has rebounded in the second quarter after the weak first quarter. But the Fed might delay to hike its interest rate due to the weak wage growth figures and low inflation.
June futures for gold on the COMEX today increased to 1184.60 dollars per ounce.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
