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Gold incur a second consecutive weekly losses
September 5, 2015 1 0
London
The price of gold fell on Friday and headed toward the second weekly losses incurred in a row after the US jobs report failed to dispel uncertainty over the possibility that the Federal Reserve (Fed) to raise interest rates in the near term.
US Labor Department data showed that the number of non-farm payrolls rose 173 thousand last month, compared with an upwardly revised increase in July amounted to 245 thousand.
However, the decline in the unemployment rate to its lowest level in nearly seven and a half years and wage growth boosted expectations the US interest rate hike later this month.
The price of gold fell 0.4 percent in spot transactions to $ 1120.80 an ounce ounce by 1849 GMT.
And went down the price of gold in US futures contracts December delivery 0.3 percent at the settlement to $ 1121.40 an ounce.
And moving the yellow metal to a second weekly losses incurred in a row.
Among other precious metals silver fell 1.8 percent to $ 14.51 an ounce. Platinum was down 1.3 percent to $ 987.74 an ounce, while palladium rose 0.8 percent to $ 577.50 an ounce.
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September 5, 2015 1 0
London
The price of gold fell on Friday and headed toward the second weekly losses incurred in a row after the US jobs report failed to dispel uncertainty over the possibility that the Federal Reserve (Fed) to raise interest rates in the near term.
US Labor Department data showed that the number of non-farm payrolls rose 173 thousand last month, compared with an upwardly revised increase in July amounted to 245 thousand.
However, the decline in the unemployment rate to its lowest level in nearly seven and a half years and wage growth boosted expectations the US interest rate hike later this month.
The price of gold fell 0.4 percent in spot transactions to $ 1120.80 an ounce ounce by 1849 GMT.
And went down the price of gold in US futures contracts December delivery 0.3 percent at the settlement to $ 1121.40 an ounce.
And moving the yellow metal to a second weekly losses incurred in a row.
Among other precious metals silver fell 1.8 percent to $ 14.51 an ounce. Platinum was down 1.3 percent to $ 987.74 an ounce, while palladium rose 0.8 percent to $ 577.50 an ounce.
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