Off the wire
• Final agreement possible but still more talks needed: UN Special Representative for Libya  • Dozens of migrants feared drowned off Libya coasts: Italy's coast guard  • Scores of migrants feared dead as boat sinks off Libya  • Drought will not affect Cuba's sugar production: VP  • Paire reaches first Slam round of 16  • Urgent: U.S. stocks tumble on jobs report  • Nigeria to review foreign policy for development: official  • Irish president urges local people not to fear migrant influx  • Cyprus enacts law releasing "trapped" house owners, opens way to next bailout tranche  • 1st LD Writethru: U.S. dollar mixed amid rate hike uncertainty  
You are here: 　 Home

1st LD Writethru: Gold settles lower after U.S. jobs report

Xinhua, September 5, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile

Exchange settled slightly lower on Friday after the monthly U.S. jobs report.

The most active gold contract for December delivery lost 3.10 U.S. dollars, or 0.28 percent, to settle at 1,121.40 dollars per ounce.

For the week, the gold futures lost 1.11 percent.

U.S. Department of Labor said Friday that employers added 173,000 workers in August, which is at the low-end estimate of consensus range of Bloomberg, while the unemployment rate fell to 5.1 percent, lowest since April 2008, and average hourly earnings up 0.3 percent.

Gold prices fell as the mixed U.S. payrolls data failed to allay uncertainty over the prospect of a near-term interest rate hike from the Federal Reserve, analysts said.

Silver for December delivery fell 15.8 cents, or 1.07 percent, to close at 14.549 dollars per ounce. Platinum for October delivery lost 17.70 dollars, or 1.75 percent, to close at 992.40 dollars per ounce. Endit