Euro Rises Near Seven-Week High as Soft US Jobs Data Weighs on Dollar
EUR/USD traded near seven-week highs around 1.1562 on Friday as a soft US payrolls report weakened the dollar ahead of key inflation data next week.
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Gold Market News
Original summaries of the reporting that moves the gold price, with every source linked.
Gold Surges Past $4,300 as Weak US Jobs Data Weighs on Dollar
Gold prices climbed above $4,300 per troy ounce following a contraction in US jobs and a decline in the dollar, with attention turning to upcoming CPI data.
Gold surges past $4,300 as weak US payrolls dampen rate hike bets
Gold rose over 2.3% on Friday to trade at $4,340 after US employment figures showed a contraction of 23,000 jobs in July, dampening expectations of Fed interest rate hikes.
Weak US payrolls weigh on dollar as Fed rate hike hopes recede
A surprising contraction in July US non-farm payrolls has weakened the dollar and lowered expectations of a September Federal Reserve rate hike.
Why central bank buying now sets the floor under gold
Official sector demand has moved from a rounding error to a structural pillar of the gold market.
How the London gold benchmark is set, and why it matters
Twice a day, a short electronic auction produces the number that prices most of the world's physical gold. Here is how it works.