Gold prices fell 1% to below $2,000 yesterday, after US jobs data showed the continued strength of the labor market; Which reinforced expectations that the Federal Reserve will raise interest again next May.
And gold in instant transactions fell 0.8% to 1992.97 dollars an ounce. US gold futures fell 0.9% to $2007.80.
And the dollar index increased 0.1%, which makes gold priced in it more expensive for buyers abroad. Spot silver fell 1% to $24.75 an ounce, while platinum fell 0.7% to $1,000.78, and palladium fell 0.1% to $1,464.79.
This comes as data recently published by the US Department of Labor showed an increase in non-farm payrolls by 236 thousand jobs last March, compared to expectations of 239 thousand, and the data also showed that the unemployment rate decreased to 3.5% compared to 3.6% in the previous month.
Okaz (New York) @okaz_online
