KONTAN.CO.ID - NEW YORK. Gold extended gains on Friday after weaker U.S. nonfarm payrolls numbers cast doubts over the trajectory of interest rate hikes beyond July yet again. Spot gold was up 0.4% to $1,918.62 per ounce at 9:13 a.m. EDT (1313 GMT). U.S. gold futures rose 0.5% to $1,924.30. Labour department data showed nonfarm payrolls came in well below expectations last month, but the unemployment rate retreated from a seven-month high amid fairly strong wage gains.
Gold Gains After Weaker US Jobs Numbers
KONTAN.CO.ID - NEW YORK. Gold extended gains on Friday after weaker U.S. nonfarm payrolls numbers cast doubts over the trajectory of interest rate hikes beyond July yet again. Spot gold was up 0.4% to $1,918.62 per ounce at 9:13 a.m. EDT (1313 GMT). U.S. gold futures rose 0.5% to $1,924.30. Labour department data showed nonfarm payrolls came in well below expectations last month, but the unemployment rate retreated from a seven-month high amid fairly strong wage gains.