-
Gold extends gains on weak jobs data, lower oil prices
Gold prices extended gains on Thursday, after hitting a more than one-week high in the previous session, as investors took stock of softer-than-expected jobs data, while lower oil prices lent additional support to bullion. Spot gold rose 0.8% to $4,063.56 per ounce, as of 0103 GMT, after rising to as much as $4,114.99 per ounce on Wednesday, its highest level since June 23. US gold futures for August delivery inched 0.2% lower to $4,075.60. Private employment rose by 98,000 jobs last month after an unrevised 122,000 advance in May, the ADP national employment report showed. Economists polled by Reuters had ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Both total nonfarm payroll employment (+57,000) and the unemployment rate (4.2 percent) changed little in June, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, social assistance, and health care. Leisure and hospitality lost jobs. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note. 
U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday. Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast. The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June.
U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday. Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast. The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June.
Just as I promised, Oil Prices are plummeting FAST, and Gas Prices at the pump are dropping too, but not as fast as they should be. As we approach America’s 250th Birthday, I am pleased to announce that a VERY smart Retailer, located throughout the Northeast, is stepping up, and wishing the People of Philadelphia a “Happy Birthday!” On July 3rd, the Freedom Fuel Network will be lowering gas prices at 25 “FREEDOM FUEL” Stations across the Greater Philadelphia Area. This Retailer is taking the lead, and others should follow. They are doing this because they love the U.S.A. We are proud to celebrate America’s 250th Birthday in the Great Commonwealth of Pennsylvania, the Birthplace of our very special, one-of-a-kind Declaration of Independence, and where I won BIG in the Presidential Election! America has never been stronger than it is now, and Gas Prices will soon be back to the Record Low Prices Americans enjoyed at the pump before our very successful “excursion” in Iran. Happy Birthday America! President DONALD J. TRUMP
From oilprice.com | 26 hr ago
Gold and oil spent five months moving like they were tied to the same rope. Both caught a bid from fear that war between the United States and Iran would spiral into something markets couldn’t quite price, and both are unwinding that trade in the same quarter. Look closer, though, and the two collapses have stopped sharing a cause. Gold fell for a third ...
