Gold loses more than 1% after robust US jobs data

Friday, 05. July 2019 14:57

Gold prices dropped on Friday, losing more than 1% as investors turned to stock markets following the recently published employment data for the United States. US Bureau of Labor Statistics earlier reported that the country's labor market added 224,000 nonfarm payrolls in June.

The yellow metal decreased by 1.13% to sell for $1,399.60 per ounce at 9:53 am ET. Silver lost 0.75% to go for $15.17 per ounce a minute later, while the platinum was trading 0.89% lower concurrently, changing hands for $845 per ounce at the same time.

Palladium was the only precious metal to trade with gains, jumping 0.69% to sell for $1,574.62 at 9:55 am ET.

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Breaking the News / MA