Precious metals trade higher as silver adds 2%2 Sep 2022 17:12
Precious metals traded higher on Friday in a bid to reverse the recent downward trend. The geopolitical situation remains tense with the G7 agreeing to impose a price cap on Russian oil, pointing to potential market instability ahead. In the United States, nonfarm payroll employment rose by 315,000 in August, largely in line with expectations, indicating that the US labor market does not seem to be getting hotter.
Gold rose 1.19% to sell for $1,717.86 per ounce at 10:54 am ET. Silver gained 2.67%, going for $18.28 per ounce at the same time. Platinum was up by 1.77%, selling for $846.38 per ounce at 10:56 am ET, while palladium improved by 0.59% to go for $2,022.30 per ounce.
Baha Breaking News (BBN) / DJ