Investors assess Fed moves, gold grows in the price
This afternoon, gold futures began to rise, as traders began to doubt that the Fed intends to raise interest rates in the first half of next year.
So, on the stock exchange Comex gold delivery increased in price by 0.03% in December – up to $ 1295.20 per ounce. Prices ranged between $ 1292.50 and $ 1296.30. Gold is likely to receive support at $ 1281.00 (minimum 1 August) and resistance at $ 1314.60 (the maximum from 29 July).
earlier, the Ministry
US Labor Department reported that the number of employees
in the non-agricultural sector
It increased by 209,000 last month,
confounding the projected increase
at 233.000. Weak data dispelled optimism
about the recovery in the labor market
and lowered expectations that the Federal
Reserve will raise
rates sooner than previously expected.
Gold is known to be
It is under strong pressure
recent weeks. And the good news about
US economy generate speculation,
that the Fed will raise interest
rates sooner than expected.
Silver for delivery in
?? September is now trading at
$ 20.40 per ounce, copper – to $ 3,209 per pound.
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