Gold futures price fell under 1300 USD per ounce

Noam Stiekema

Gold futures price fell during the trading session today, as the market participants are still under the influence of employment data in USA on Friday. The official report of the Labor Department showed that the US economy added slightly fewer jobs than expected in March. After that news the gold with immediate delivery fell with […]

Gold futures price

Gold futures priceGold futures price fell during the trading session today, as the market participants are still under the influence of employment data in USA on Friday. The official report of the Labor Department showed that the US economy added slightly fewer jobs than expected in March. After that news the gold with immediate delivery fell with 0.5% to 1,297.96 USD per ounce, retreating from the Friday week high at 1,306.63 USD per ounce

The report for the US jobs disappointed some analysts who predicted a steady growth, but at the same time suggests that the central bank will probably leave unchanged the rate of reduction of financial incentives.

The gold was under pressure for drop during the last week after the positive US economic data, supported by the expectations that the FED will start a cycle for increase of the key interest rates sooner than previously expected.

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