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06.07.2012 15:20

Gold sharply reacted to employment data in the U.S.

 

Gold prices eventually declined due to the growth of the dollar against the euro after the publication of a report on employment in the U.S. in June, which demonstrated a smaller increase in the number of jobs in non-agricultural sectors than expected.

After the release of data in the price of gold soared to $ 15, peaking at $ 1610.60. However, later, the price of precious metals returned to earlier levels.

Also, the pressure on the precious metal helped the growth of the dollar to a five-week high against the euro after a decline in interest rates of the European Central Bank on Thursday.

Demand for the physical market is low, because buyers are waiting for lower prices, and sellers - its rise above $ 1,620 an ounce, dealers said. Deliveries of gold from Hong Kong to China in May fell 26 percent in April to 75.456 tons.

Stocks of the world's largest gold ETF-secured fund SPDR Gold Trust, and secured the largest silver ETF iShares Silver Trust on Thursday, unchanged compared with the medium.

August gold futures on the COMEX today, went up to 1610.6 dollars per ounce, then fell to 1582.2, and the dollar is currently trading at around 1587.8 dollars per ounce.


 

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