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Gold prices fell, dropping below the levels at this opening, despite the observed increase in the first half of the day. Note that this trend was caused by the publication of data on employment. According to the report, in April, employers added 165,000 jobs, compared with the figure for the previous month on the level of 138 thousand note that according to the average forecast of experts, the number of jobs was up by 140 thousand Meanwhile, it was revealed that the level of unemployment rate fell by 0.1% to 7.5% as more people find jobs. That was the lowest unemployment rate since December 2008. Note that this figure is forecast was to remain unchanged. The good news is that the figures for the previous two months were revised to a significant increase - in general, to 114,000 (138,000 jobs in March, compared with the 88 000 initially and 332 000 jobs in February, compared to 268,000 as previously reported). Revised data for February are the highest since May 2010. In addition, data released today showed that private companies added 176,000 jobs, accounting for all funds in April. Employment increased in professional and business services, restaurants and bars, retail and healthcare.
Economists say that the data on employment in Europe and the United States are likely to be scrutinized in the coming weeks to get clues about long-term prospects of the Fed's monetary stimulus.
Meanwhile, data released today showed that the stocks in the SPDR Gold Trust - the largest gold exchange-traded fund in the world, yesterday showed the biggest drop in one week, down by 0.56% to 1,069.22 tonnes - the lowest level since September 2009.
The cost of the June gold futures on COMEX today dropped to 1466.20 dollars an ounce.
|remaining time till the new event being published|