Markets

GoldCore Update: Gold Higher on Safe Haven Buying after Poor Jobs Number

Gold

Gold has risen (over $1,214/oz) on safe haven buying after the poor jobs number underlined growing concerns about the health of the US and global recovery. Concerns about sovereign debt markets in Europe have seen the euro come under pressure again.

Economic uncertainty has not been helped by Fitch warning that the US AAA credit rating may come under pressure in the coming years.

Gold is currently trading at $1,213.70/oz, €944.92/oz and £777.76/oz.

Silver

Silver is currently trading at $17.98/oz, €14.00/oz and £11.52/oz.

Platinum Group Metals

Platinum is trading at $1,520.00/oz, palladium is at $469/oz and rhodium is at $2,100/oz.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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