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- Gold price rises slightly as the U.S. dollar traded lower in the absence of any major economic reports from the U.S.
Gold price rises slightly as the U.S. dollar traded lower in the absence of any major economic reports from the U.S.
Gold price increased slightly as the U.S. dollar traded lower in the absence of any major economic reports from the U.S.
The situation regarding the interest rate hike by the Fed remained unclear. The U.S. economy added 173,000 jobs in August, missing expectations for a rise of 220,000 jobs, after a gain of 245,000 jobs in July. The U.S. unemployment rate dropped to 5.1% in August from 5.3% in July, exceeding expectations for a decline to 5.2%. It was the lowest level since April 2008.
Analysts expect gold to trade mixed ahead of the release of the Fed's interest rate decision next week.
October futures for gold on the COMEX today rose to 1121.20 dollars per ounce.
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