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Gold rises to a 10-month high
Gold rose to a 10-month high on Saturday after data showed US job growth slowed more-than-expected in August, but trimmed gains as investors ruled out a change in US interest rates.
Instant palladium prices hit their biggest daily gain since March 2016 and hit a 16-and-a-half-year high after some US automakers reported better-than-expected sales in August as demand from Houston after Hurricane Harvey replaced damaged vehicles Of the floods.
By 17:59 GMT, spot gold rose 0.2 percent to $ 1324.46 an ounce from $ 1328.80, its highest level since Nov. 9, and the metal is heading for a weekly gain of 2.6 percent.
US gold futures rose 0.6 percent to settle at $ 1330.40 an ounce, and US metal futures markets will close early on Monday for the US Labor Day holiday.
Among other precious metals, palladium rose 5.2 percent to $ 982 an ounce, the highest level since February 2001.
Platinum rose 1.1 percent to $ 1006 an ounce after rising to a six-month high of $ 1009 an ounce.
Silver rose 0.6 percent to $ 17.67 an ounce, after climbing to its highest level since early June at $ 17.75 an ounce. End 6
http://aynaliraqnews.com/index.php?aa=news&id22=81622
Gold rose to a 10-month high on Saturday after data showed US job growth slowed more-than-expected in August, but trimmed gains as investors ruled out a change in US interest rates.
Instant palladium prices hit their biggest daily gain since March 2016 and hit a 16-and-a-half-year high after some US automakers reported better-than-expected sales in August as demand from Houston after Hurricane Harvey replaced damaged vehicles Of the floods.
By 17:59 GMT, spot gold rose 0.2 percent to $ 1324.46 an ounce from $ 1328.80, its highest level since Nov. 9, and the metal is heading for a weekly gain of 2.6 percent.
US gold futures rose 0.6 percent to settle at $ 1330.40 an ounce, and US metal futures markets will close early on Monday for the US Labor Day holiday.
Among other precious metals, palladium rose 5.2 percent to $ 982 an ounce, the highest level since February 2001.
Platinum rose 1.1 percent to $ 1006 an ounce after rising to a six-month high of $ 1009 an ounce.
Silver rose 0.6 percent to $ 17.67 an ounce, after climbing to its highest level since early June at $ 17.75 an ounce. End 6
http://aynaliraqnews.com/index.php?aa=news&id22=81622
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