Gold jumps over 1% following US jobs data9 Mar 2023 15:23
The price of gold rose on Thursday as investors digested the latest jobs data from the United States, which indicated that the labor market might be showing some slight signs of cooling.
Namely, the initial jobless claims in the country increased by 21,000 to 211,000, which was higher than analysts had anticipated. The traders will now turn their focus to nonfarm payrolls, slated for release tomorrow, alongside the latest consumer price report, which will be revealed next week.
Gold advanced 1.11% to go for $1,833.35 per ounce at 10:13 am ET. Silver gained 1.13%, selling at $20.24 per ounce at the same time. Platinum rose 1.54% to $955.24 per ounce at 10:14 am ET. Meanwhile, Palladium lost 1.09% to go for $1,353.88 per ounce concurrently.
Baha Breaking News (BBN) / AY