Increased speculation that the Fed may resort again to quantitative easing to boost employment , as a result of a saddening US jobs report, is the main reason why Gold on the Comex division of the New York Mercantile Exchange gained 0.8 percent on Friday.
Gold futures for August delivery were recently up $11.60 at $1,542.20 per ounce in New York. Trade has ranged from $1,525 to $1,546.
US non-farm payrolls delivered their weakest reading since September, with an increaso of only 18,000 last month, extremely below expectations of a 97,000 gain. The national unemployment rate rose to a… Continue reading