Baku 24° C
Gold prices rise ahead of US employment data release
Finance
- 04 November, 2022
- 11:44
Gold prices rose on November 4 and may show an increase by the end of the week. The US dollar is weakening, and investors are waiting for the publication of US employment data, Report informs.
Gold grew 1.2% to $1,648.77 per ounce on the spot market. Since the beginning of the week, prices have strengthened by 0.4%. COMEX gold futures rose 1.3% to $1,651.40.
Market participants are looking forward to the release of the US nonfarm payrolls report for October.
Analysts polled by Reuters forecast the figure up 200,000 in October after rising 263,000 in September.
Spot silver was up 1.9% to $19.38 an ounce, platinum was up 1.4% to $931.94 and palladium was up 1.8% to $1,834.40.
Author
Latest News
16:53
Ralf Horlemann: Baku-Yerevan peace process - most important event in South Caucasus
Foreign policy16:43
Aoun hopes US-Iran deal will put end to Israel-Hezbollah war
Other countries16:35
Video
Swedish ambassador to Baku sums up 4 years of work
Foreign policy16:29
Magnitude 6.6 quake strikes southern Philippines
Other countries16:22
Ambassador: Paraguay hopes to strengthen its partnership with Azerbaijan in oil and gas sector
Foreign policy16:14
Canada becomes first non-European country to participate in EU's SAFE
Other countries16:06
UK to ban social media for those under 16
Other countries15:50
Photo
Event dedicated to musical heritage of Mountain Jews organized in Azerbaijan's Guba
Religion15:43