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US News Gold Price: US Labor Market Report Provides High Voltage

10:00  04 december  2020
10:00  04 december  2020 Source:   finanzen.net

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Still, a weaker dollar, a slowdown in the US labour market recovery and signs the Fed and the ECB could provide more accommodation if necessary are preventing further losses. Historically, Gold reached an all time high of 2074.88 in August of 2020. Gold - data, forecasts, historical chart - was

Looking at historical gold prices may potentially provide information that may assist in buying or selling decisions. For easy reference, this page also contains a simple table that provides gold ’s price change and percentage change using a single day, 30 day, six month, one year, five year and 16 year

Before the US Department of Labor's monthly report, the gold price is well above the $ 1,800 mark.

DANIEL ROLAND/AFP/Getty Images © Provided by Finanz.net DANIEL ROLAND / AFP / Getty Images

by Jörg Bernhard

In the USA there is growing hope that another rescue package worth 908 billion dollars could soon be decided. This pushed the dollar index to its lowest level since the beginning of 2018. In return, the gold price beckons a striking weekly gain, which so far amounts to 1,788.1 percent. The monthly report of the US Department of Labor (2.30 p.m.), scheduled for the afternoon, is creating increased tension. According to a survey of analysts published by Trading Economics, the unemployment rate is said to have fallen from 6.9 to 6.8 percent in November and the number of newly created jobs to have fallen from 906,000 to 589,000. The weak job growth in particular shows that the US economy continues to suffer from Corona - even more than ever after the Thanksgiving holiday.

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Last week, prices for gold were slammed after a report from the U . S . Labor Department showed that 2.5 million jobs were created in May, rather Hopes that the labor market data point to a bottoming in the recession as businesses restart with the coronavirus pandemic receding in most developed

Live gold price chart, news and analysis. Read the latest spot gold price trends and articles while following the gold price with our live chart. Note: Low and High figures are for the trading day.

On Friday morning the gold price presented itself with slightly higher prices. By around 7.15 a.m. (CET), the most actively traded gold future (February) rose by 2.90 to 1,844.00 dollars per troy ounce.


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Crude oil: friendly before the weekend

Although the OPEC + countries want to produce 500,000 more barrels of oil per day from January, the fossil fuel continues to trend upwards. In the coming year, the subsidy states want to discuss future production once a month. Before going into the weekend, the US oil service company Baker Hughes will communicate its weekly report on North American drilling activities, thereby generating increased attention in the energy markets. Surprising developments could then also affect the trading trend for the coming week.

On Friday morning the oil price presented itself with recovered prices. By around 7.15 a.m. (CET), the next due WTI future had risen by 0.86 to 46.50 dollars, while its Brent counterpart rose by 1.05 to 49.76 dollars.

Germany in the home office - can mobile working be successful? .
In the fight against the further spread of corona in Germany, millions of employees in Germany will have to be prepared for home office in the coming months. © Britta Pedersen / dpa-Zentralbild / dpa When working from home, Union and SPD had recently agreed on a tax lump sum. The National Academy of Sciences Leopoldina warned in a recommendation published on Tuesday of an exacerbation of the pandemic in Germany and called for further steps.

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