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- Gold traded near the three-week lows
Gold traded near the three-week lows
Gold prices
traded near a three-week low , as good indicators of employment in the United
States, released on Friday , forcing investors fear the Fed reduce the incentives
in the near future.
The price
of gold fell to 1280.50 dollars after the U.S. Labor Department announced an
increase in the number of jobs in October to 204,000 people, and adjusted
upward as a whole to 60,000 data for the previous two months.
Report data
for October exceeded the expectations of economists , who had forecast growth
in the number of jobs at 126,000 . As a result, the average growth over the
past three months has exceeded 200,000 .
The fact
that the data beat expectations , revived fears among investors that the
This year
Gold futures fell by 28% at the end of June reached a minimum 1,211.60 on fears
began rolling program of bond purchases the Fed, which increased the yield of
the bonds and the U.S. dollar strengthened .
If prices
fall below $ 1,300 did not cause a significant increase in demand in
The cost of
the December gold futures on COMEX today dropped to $ 1278.10 per ounce.
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