Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


01.06.2012 15:34

Gold rose sharply on weak data on employment in the U.S.

 

Data on employment in the nonfarm sector of the U.S., published in more than two times worse than analysts had expected, provoked the fall of the dollar, and as a consequence, the growth of gold.

Investors' concerns continues to be the U.S. labor market. After a weak social statistics on the eve of the data published on Friday, also proved to be worse than expected. Thus, the U.S. unemployment rate in May rose to 8.2% from 8.1% in April, and the number of jobs in nonagricultural sectors of the economy increased by only 69,000. The analysts expect to maintain the level of unemployment in the 8.1% increase in the number of jobs in non-agricultural sector at 150,000.

In addition, bidders disappointing labor market statistics for the euro area. The unemployment rate in the region in April reached a record level of 11%.The rising cost of precious metals has accelerated since the publication of data on the index of business activity in the industrial sector of the U.S. economy, which in May declined by 1.3 percentage points - to 53.5% from 54.8% in April. Analysts had expected a lower rate to 53.8%.

The cost of the June gold futures on the COMEX today rose to $ 1616.8 (3.1%) per ounce.


 

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
July 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page