Bernanke’s Comments “Lend Support” to Gold, But Dips Following Strong US Jobs News
SPOT MARKET gold prices slipped back below $1750 an ounce while stock markets rallied strongly following the release of better-than-expected US jobs figures on Friday.
The Bureau of Labor Statistics nonfarm payrolls report, published on Friday, shows that the US added a net 243,000 nonagricultural private sector jobs last month. In addition, both November and December’s nonfarm figures were revised upwards. The unemployment rate fell to 8.3%, down from 8.5% the previous month.
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Bernankes, Comments, dips, Following, Gold, jobs, Lend, News, Strong, Support
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