Gold rises after US jobs data

2021-12-03 20:03:01 GMT (

Gold prices rose on Friday, as the US dollar fell against most currencies, after the US monthly jobs report.


The US reported yesterday its second case but with mild symptoms so far.


The US Department of Labor reported today that the economy has added 210,000 new jobs in November, missing forecasts of 570,000 new jobs.


The unemployment rate fell to 4.2% from 4.6% in September, better than forecasts of 4.5%.


The Institute for Supply Management (ISM) reported that the US manufacturing PMI grew to 69.1 points in November from 66.7 points, beating forecasts of 64.9 points.


The dollar index fell against a basket of major currencies by 0.1% to 96.01 points as of 19:45 GMT, after hitting a high of 96.4 points and a low of 95.9 points.


Gold spot prices rose 1.2% to $1,784 an ounce as of 19:46 GMT.

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