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8 Sep 2014
Gold little changed after Friday's recovery
FXStreet (Córdoba) - Gold prices advanced slightly Monday following disappointing US jobs data Friday, but momentum wasn't strong enough to extend gains beyond $1,270 an ounce.
Spot gold was little changed at $1,267 an ounce, following a 0.6% gain on Friday after data showed US added fewer jobs than expected in August (142K vs 225K). The metal is extending a recovery from 3-month lows scored last week amid broad dollar gains and weighed by hopes of a ceasefire in Ukraine.
As for silver, the gray metal rose 0.6% to $19.25 an ounce, after printing a 3-month low of $18.99 Friday.
Spot gold was little changed at $1,267 an ounce, following a 0.6% gain on Friday after data showed US added fewer jobs than expected in August (142K vs 225K). The metal is extending a recovery from 3-month lows scored last week amid broad dollar gains and weighed by hopes of a ceasefire in Ukraine.
As for silver, the gray metal rose 0.6% to $19.25 an ounce, after printing a 3-month low of $18.99 Friday.