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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The dollar is shedding its losses and gold is retreating after the US employment data

    Rocky
    Rocky
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    The dollar is shedding its losses and gold is retreating after the US employment data Empty The dollar is shedding its losses and gold is retreating after the US employment data

    Post by Rocky Sat 03 Nov 2018, 6:53 am

    The dollar is shedding its losses and gold is retreating after the US employment data %D8%AF%D9%88%D9%84%D8%A7%D8%A1-668x350

    [size=32]The dollar is shedding its losses and gold is retreating after the US employment data[/size]

    [rtl]1 views[/rtl]


    [rtl]Direction[/rtl]

    [rtl]The US dollar sheds its losses and gold lost more than $ 5 of its value in trading after monthly employment data and trade deficit.[/rtl]

    [rtl]US Treasury yields rose after data confirmed the strength of the labor market and accelerated wage growth in the world's largest economy.[/rtl]

    [rtl]The US economy added   250,000 jobs last October, beating expectations of 194,000 jobs, with the unemployment rate stabilizing at 3.7 percent, its lowest level since 1969.[/rtl]

    [rtl]US workers' wages rose   at the fastest pace in nine years in the past month, at 3.1 percent year-on-year.[/rtl]

    [rtl]On the  trade deficit , it continues to widen despite US President Donald Trump's efforts, driven by a record jump in imports.[/rtl]

    [rtl]By 1:22 pm GMT, the dollar's main index, which followed the performance of the US dollar, stabilized against 6 major currencies at 96.325 after falling earlier in the session.[/rtl]

    [rtl]But the greenback steadied against its European counterpart at $ 1.1407 after falling within the red range early in the trading session.[/rtl]

    [rtl]The greenback was up 0.2 percent at 112.93 yen and the pound gained 0.2 percent against the British currency to $ 1.2986.[/rtl]

    [rtl]During the same period, gold deepened its losses, dropping the December delivery of metal futures by more than 0.4%, or $ 5.50, to $ 1233.10 an ounce.[/rtl]

    [rtl]The spot delivery price of precious metals fell marginally by 0.06% to record $ 1232.71 an ounce.[/rtl]

    [rtl]In today's trading, the 10-year US Treasury yield rose to 3.178% and two-year government debt yields rose to 2.887%.[/rtl]



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