Gold Digger Software: Gold Prices Jumps More Than 2% After Weak US Data
New York / London – Gold Digger Software Reviews: Gold Prices Jumps More Than 2% After Weak US Data; The price of gold jumped more than two percent on Friday and increased silver more than five percent, the biggest daily gain her this year after the release of US jobs data which were much weaker than expected, which reduced speculation about the possibility to raise the Fed ( US central bank) interest rates this year and was buying to cover short positions.
The US Labor Department on Friday that jobs outside the agricultural sector increased 142 thousand last month was amended August figures show a substantial reduction of the increase does not exceed 136 thousand jobs.
Analysts had forecast in a Reuters survey of jobs increased 203 thousand jobs in September. And those less than two months to increase in more than a year have been fueling fears that the global economic slowdown led by China may compromise the strength of the US economy.
Gold was fell earlier to its lowest level in two weeks.
By 1858 GMT, was trading spot gold price was up 2.1 percent to $ 1136.40 an ounce, after earlier rising 2.5 percent to the highest level in the session to 41.50 an ounce.
He added gold in the US decades December delivery to .90 or two percent at the settlement to 36.6 an ounce.
Prices fell 0.8 percent during the entire week.
Jumped silver in the spot contracts 5.6 percent to .27 an ounce to record its highest level in two weeks and the biggest daily gain since December.
And platinum recovered to 5.24 an ounce, up 0.6 percent after it fell earlier to 8 an ounce, its lowest level since December 2008.
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