Gold futures ended higher on Thursday, with the haven metal getting a boost on the heels of a climb in U.S. weekly jobless claims to a record 6.6 million.
The move for gold followed four consecutive sessions of losses for the metal. June gold rose $46.30, or 2.9%, to settle at $1,637.70 an ounce. That was the biggest one-day percentage gain since March 24, according to FactSet data.
Source : Marketwatch
Gold inched down on Friday after rising 1.4% in the previous session as the U.S. dollar firmed, but record high weekly U.S. jobless claims filings kept a check on bullion™s downside.
Spot gold eased 0.1% to $1,610.64 per ounce by 0037 GMT. U.S. gold futures slipped 0.1% to $1,635.50.
The metal was down over 0.4% for the week after an 8% jump in the previous week.
The dollar was up 0.1% against key rivals, having risen for the last two sessions.
The number of Americans filing claims for...
Gold futures on Friday swung between small gains and losses as investors watched for a report on the labor market in March, which may offer some clues about the state of American jobs even if it doesn™t entirely reveal the extent of the damage of coronavirus business shutdowns.
Friday™s nonfarm-payrolls report from the Bureau of Labor Statistics will indicate how many workers the U.S. economy added last month, with average consensus estimates from economists for ais expected to show...
Gold prices were subdued on Friday as the dollar strengthened, but they were stuck in a narrow range ahead of U.S. nonfarm payrolls data that could provide further clarity on the economic damage from the coronavirus.
Spot gold was down 0.1% at $1,610.46 per ounce by 0923 GMT. The metal has declined nearly 0.5% so far this week after an 8% jump in the previous week.
U.S. gold futures dropped 0.6% to $1,627.90 per ounce.
Safe-haven gains for the U.S. dollar limited gold™s advance, with the...
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