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Sunday, 05 September 2010 19:43
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Gold futures fall prey to selling, pulling back toward $1,240 mark as better-than-expected U.S. jobs data raise hopes about prospects for economic recovery and reduce demand for the precious metal as a safe haven. |
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Sunday, 05 September 2010 19:43
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NEW YORK (MarketWatch) -- Crude oil gained ground and gold futures fell on Friday after the government reported the economy lost 54,000 jobs in August, less than expected by Wall Street economists. The unemployment rate ticked higher to 9.6% in August from 9.5% in the previous month, as expected. Crude oil for October delivery gained 36 cents, or 0.5%, to $75.39 a barrel. Gold for December delivery was down $11.90, or 1%, to $1,241.60 an ounce. |
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Sunday, 05 September 2010 19:43
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Sunday, 05 September 2010 19:43
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Sunday, 05 September 2010 19:43
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NEW YORK (MarketWatch) -- Gold futures on Friday tallied slight losses ahead of a much-awaited U.S. jobs report, which is expected to show the unemployment rate climbed from 9.5% to 9.6% in August. In industry corporate news, Canada's second-largest gold producer Goldcorp Inc. said it would acquire Andrean Resources Ltd. for about $3.4 billion, with the bid topping an offer by Eldorado Gold Corp. Erasing small gains, gold for December delivery was lately down $2.7 at $1,250.7 an ounce. |
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