PT Rifan Financindo - Gold declined after a key US labor report topped estimates, reinforcing views that the Federal Reserve will carry out aggressive interest rate hikes during the next few meetings.
US employers hired at a robust pace in May while wage gains held firm, suggesting the economy continues to power forward as the Fed raises rates at a steep pace to tame inflation. Nonfarm payrolls rose 390,000 last month after a revised 436,000 gain in April, a Labor Department report showed Friday. The unemployment rate held at 3.6%, and the labor force participation rate crept higher.
Spot gold declined as much as 1.1% to $1,847.43 an ounce before trading at $1,848.13 as of 2:18 p.m. in New York. The precious metal is down 0.3% this week. Bullion for August delivery fell 1.1% to settle at $1,850.20 on the Comex. The Bloomberg Dollar Spot Index was up 0.4%. Silver, platinum and palladium declined.
Sumber : rfbnews
PT Rifan Financindo
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