Live Spot Gold
SPOT MARKET IS OPEN
closes in 6 hrs. 7 mins.Jan 10, 2020 10:53 NY Time
| Bid/Ask | 1558.90 / 1559.90 | |
| Low/High | 1546.10 / 1560.30 | |
| Change | +6.90 | +0.44% |
| 30daychg | +84.30 | +5.72% |
| 1yearchg | +272.90 | +21.22% |
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Silver Price & PGMs
Jan 10, 2020 10:53 NY TimeKitco 10AM Silver Fix
| Silver | 18.10 | +0.24 |
| Platinum | 976.00 | +11.00 |
| Palladium | 2095.00 | -4.00 |
| Rhodium | 7100.00 | 0.00 |
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(Kitco, Fri. Jan. 10th, 2020) – Gold prices rose following weaker-than-expected U.S. employment data from December.
U.S. nonfarm payrolls rose by 145,000 in December, according to the Bureau of Labor Statistics. The monthly figure came below market consensus projecting 164,000 new positions.
The U.S. unemployment rate remained unchanged at 3.5%, a 50-year low, and the number of unemployed was also unchanged at 5.8 million.
Meanwhile, wages, which is another key element in the report, also disappointed. Average hourly earnings rose only 2.9% versus the expected 3.1%.
The biggest jobs gains were in retail trade and healthcare, while the mining sector saw job losses.
Gold prices jumped after the data was released, recovering all daily losses. February Comex gold futures were last trading at $1,555.20, up 0.06% on the day.
Overall, the U.S. job growth ended the year on a softer note, said CIBC Capital Markets economist Katherine Judge.
“The disappointments shouldn’t materially change tracking for Q4 GDP which we have at just below 2%, however, could add a slight bid to U.S. fixed income markets today,” Judge wrote on Friday.t
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com