Fundamental Market Overview
GOLD GAINS ON SOFT US JOBS DATA, FALLING DOLLAR
Gold rose to near its highest in a month on Friday, boosted by a weak
U.S. labor report that illustrated the fragile state of the economic
recovery, likely keeping rates low and the dollar weak for awhile. Bullion
jumped, while stocks and oil fell, in the wake of data showing U.S.
employers hired 54,000 workers in May, far fewer workers than
expected, and the unemployment rate rose to 9.1 percent. Technical View and Strategy Click Here
GOLD GAINS ON SOFT US JOBS DATA, FALLING DOLLAR
Gold rose to near its highest in a month on Friday, boosted by a weak
U.S. labor report that illustrated the fragile state of the economic
recovery, likely keeping rates low and the dollar weak for awhile. Bullion
jumped, while stocks and oil fell, in the wake of data showing U.S.
employers hired 54,000 workers in May, far fewer workers than
expected, and the unemployment rate rose to 9.1 percent. Technical View and Strategy Click Here
