• Gold rоse on employment data

Market news

7 February 2014

Gold rоse on employment data

Gold prices rose after the release less positive than expected U.S. data on employment.

In January, the U.S. labor market for the second month in a row was recorded weak job growth . It can strengthen concerns about the economic recovery and may cause some investors to urge the U.S. Federal Reserve to rethink his strategy .

As reported on Friday, the U.S. Labor Department , the number of jobs outside agriculture in January rose by 113,000 adjusted for seasonal variations. Accelerated growth rate compared to December , but was below the average growth rate in the past year . December job growth was revised upward for 1000 to 75 000, and the November growth - also upwards of 33 000 to 274 000 .

Job growth in January was weak compared with the average growth in the period between August and November , when the index grows by more than 200,000 .

The U.S. Labor Department also reported that the unemployment rate in January fell to 6.6 % from 6.7 % in December. The number of employed Americans and labor also increased slightly .

Chinese buyers returned to the market on Friday after a week's absence, and the >

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