• Gold retreated after Friday's jump

Market news

5 October 2015

Gold retreated after Friday's jump

Gold retreated to $1,134.10 (-0.22%) after its 2.2% Friday rally generated by a weaker-than-expected U.S. employment report. U.S. economy created 142,000 jobs in September compared to the expected 200,000.The unemployment rate remained at 5.1%. This report suggested that the Federal Reserve might postpone a data-determined rate hike.

September was the second straight month of relatively slower job creation. Investors are concerned that China's economic slowdown might have affected the U.S.

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