(Source:GoldAlert.Com) Gold, which traded as high as $1,490 per ounce overnight, traded to the upside despite this morning’s news from the Labor Department that April nonfarm payrolls rose by 244,000 versus expectations of 185,000. The unemployment rate was reported at 9.0%.Silver, which is set for its worst weekly decline since 1975, continued its slide – sinking as low as $33.50 per ounce before rising toward $34.00 following the jobs report.Commodities were generally weaker across the board, led by lower oil prices, which broke below $100 per barrel yesterday. The Reuters-Jefferies CRB index is set to trade lower for the fifth consecutive day.S&P 500 stock futures rose 10.50 to 1345.50 heading into this morning’s opening bell on Wall Street.
Source link:http://www.goldalert.com/2011/05/gold-silver-steady-after-employment-data/
Source link:http://www.goldalert.com/2011/05/gold-silver-steady-after-employment-data/
