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- Gold rose sharply on weak data on employment in the U.S.
Gold rose sharply on weak data on employment in the U.S.
Data on employment in the nonfarm sector of the U.S., published in more than two times worse than analysts had expected, provoked the fall of the dollar, and as a consequence, the growth of gold.
Investors' concerns continues to be the U.S. labor market. After a weak social statistics on the eve of the data published on Friday, also proved to be worse than expected. Thus, the U.S. unemployment rate in May rose to 8.2% from 8.1% in April, and the number of jobs in nonagricultural sectors of the economy increased by only 69,000. The analysts expect to maintain the level of unemployment in the 8.1% increase in the number of jobs in non-agricultural sector at 150,000.
In addition, bidders disappointing labor market statistics for the euro area. The unemployment rate in the region in April reached a record level of 11%.The rising cost of precious metals has accelerated since the publication of data on the index of business activity in the industrial sector of the U.S. economy, which in May declined by 1.3 percentage points - to 53.5% from 54.8% in April. Analysts had expected a lower rate to 53.8%.
The cost of the June gold futures on the COMEX today rose to $ 1616.8 (3.1%) per ounce.
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