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Tag: US jobs

  • Commodity Market

Gold falls 1% as strong US jobs data dims rate cut hopes.

Mahalakshmi@fastura.com1 month ago01 mins

Gold prices fell over 1% on Friday due to a stronger-than-expected US jobs report, which dampened hopes for Federal Reserve rate cuts this year. Spot gold fell 1.1% to $3,316.13 an ounce, but rose 0.8% for the week so far. U.S. gold futures settled 0.8% lower at $3,346.60. The Labor Department report showed that non-farm…

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  • Commodity Market

Expectations of this year’s Fed rate cuts caused silver to settle flat

Mahalakshmi@fastura.com1 year ago02 mins

Yesterday’s trading session saw a little decrease in silver prices of -0.09%, ultimately closing at 82878. Fresh expectations of imminent rate reduction by the Federal Reserve, stoked by the US jobs growth that was less than anticipated, were blamed for this decline. Following remarks made by Fed officials that suggested a possible change in the…

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