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Gold price holds jobs-shock gain, Barrick craters

Gold price holds jobs-shock gain, Barrick craters

This post was originally published on this site. Gold held near its best levels since mid-June and silver ran to a seven-week high on Monday as traders wagered that Friday’s shock contraction in US employment has taken a September interest rate hike off the table, while Barrick Mining headed for its worst day since March...

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Gold holds above $4,300 as rate-cut bets build 

This post was originally published on this site.Gold held above $4,300 an ounce for the first time since June on Monday as weak US employment data, stronger investor positioning and increased Chinese central bank purchases supported bullion.  The metal traded around $4,340 an ounce after jumping almost 7% last week, remaining above its 60-day moving...

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