Gold futures headed for the biggest drop in almost four months to below $1,700 an ounce as U.S. payrolls in October rose more than forecast, easing pressure on the Federal Reserve to expand monetary stimulus.
A Labor Department report showed a net 171,000 workers were hired after a 148,000 gain in September that was more than estimated.
In addition, in September, factory orders in the U.S. slowed growth, but exceeded forecasts. Orders excluding defense and aircraft industry increased by 0.2% compared to 0.3% in August, while in July, the indicator has fallen by 5.6%, as the Commerce Department said today in Washington. The overall rate increased by 4.8%. Economists had expected a gain of 4.6%.
Importers of gold in India - the world's largest consumer of the precious metal - increasing their purchases at the height of the holiday season, which will culminate in November during festivals Diwali and Dhanteras.
Gold mining company AngloGold Ashanti on Friday suspended the work of one of the mines in South Africa because of the strike, and the world's largest gold producer, Barrick Gold Corp reported a sharp drop in profit in the third quarter.
Gold futures for December delivery tumbled to 1679.90 dollars per ounce on COMEX today.

© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
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.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.