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Gold is recovering slightly with the start of the week
Gold prices rose slightly on Monday, after the precious metal's decline last week. This recovery comes in the absence of high volumes due to holidays.
Gold This week may see significant movements as the dollar moves in line with the return of important economic data this week from many global economies.
This week, the US jobs report data, which the Fed is using directly in assessing the performance of the US economy and thus making interest rate decisions on it, releases this week.
The data will push the dollar to move against major currencies and therefore may see gold change from its current levels if interest rate expectations change.
Gold prices traded at $ 1329.83 per ounce after hitting a low of $ 1324.81 an ounce and opened today's session at $ 1325.62 an ounce reaching $ 1330.34 an ounce.
http://economy-news.net/content.php?id=11787
Gold prices rose slightly on Monday, after the precious metal's decline last week. This recovery comes in the absence of high volumes due to holidays.
Gold This week may see significant movements as the dollar moves in line with the return of important economic data this week from many global economies.
This week, the US jobs report data, which the Fed is using directly in assessing the performance of the US economy and thus making interest rate decisions on it, releases this week.
The data will push the dollar to move against major currencies and therefore may see gold change from its current levels if interest rate expectations change.
Gold prices traded at $ 1329.83 per ounce after hitting a low of $ 1324.81 an ounce and opened today's session at $ 1325.62 an ounce reaching $ 1330.34 an ounce.
http://economy-news.net/content.php?id=11787
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