The
Gold recovered slightly from 11 week low
June 8, 2015
The Gold recovered slightly on Monday after 3 days of losses , and now remains trading near 11 week low, as the demand for the yellow metal has been affected by the strong U.S jobs data due on the last Friday which booted expectations for U.S interest rates hike in September.
The metal dropped on Friday hitting $1162 per ounce. After the release of upbeat economic data which indicated that the U.S Nonfarm Payrolls increased to 280.000 jobs, as a sign of improvement in U.S economy, pushing the U.S Dollar high.
June 8, 2015
The Gold recovered slightly on Monday after 3 days of losses , and now remains trading near 11 week low, as the demand for the yellow metal has been affected by the strong U.S jobs data due on the last Friday which booted expectations for U.S interest rates hike in September.
The metal dropped on Friday hitting $1162 per ounce. After the release of upbeat economic data which indicated that the U.S Nonfarm Payrolls increased to 280.000 jobs, as a sign of improvement in U.S economy, pushing the U.S Dollar high.