Gold firms as disappointing US payroll data boosts hopes for low interest rates
Jobs report supports expectations over the margins of Fed rate hikes, analyst says
10 May 2021 - 07:59
Bengaluru — Gold prices inched higher on Monday to trade near a three-month peak hit last week after weaker-than-expected US jobs data supported hopes that interest rates will remain low for some time, bolstering the metal’s appeal.
Spot gold was up 0.1% at $1,832.26 per ounce by 5.15am, after hitting its highest since February 11 at $1,842.91 in the previous session...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.