Wow Gold Price Increased

The price of gold ended down in thin trading at the end of the weekend Friday, affected the increasing U.S. payrolls data that exceeds the estimate.

The US labour market surged in February, showed the strength of the labor marketwhich could further ease the worries of economic thought is heading into recession and allow the Federal Reserve to gradually raise rates this year.

Nonfarm payrolls increased by 242,000 jobs last month, the U.S. Labor Department said on Friday (04/03). The unemployment rate held at the lowest level in eight years at 4.9 percent describe more people enter into the labour market.

Gold spot price of gold dropped 0.02 per cent at $ 1, 258.71 per ounce, after falling 1 percent to $ 1.1, 249.90.

While the price of U.S. gold futures for April delivery closed up 1 percent at $ 1, 270.70 per ounce and was last traded at $ 1.260, up 0.14 per cent.

See: The Latest Gold Price To Rise A Weakening Of The Us Dollar

On a weekly basis gold prices remain up about 3%. Precious metals have driven rise19 percent this year by economic worries, which sparked volatility in equity and oil prices and boosted the appeal of gold as a safe haven.

Prices also halted rises after Federal Reserve Bank of Dallas President Robert Kaplansaid he expects solid growth in the u.s. economy this year and does not expect the economy to fall into recession.

Whereas in other metal news, the price of Copper closed up nearly 3 percent, ending the week up 7.04 percent in the weekly's best performance since December 2011. The price of Silver Futures rose 2.57 percent at $ 15.53 per ounce, while platinum futures prices rose 4.1 per cent at $ 981.00 per ounce and the price of Palladium rose 2.5 per cent at $ 553.38 per ounce.

The u.s. dollar at the weekend had strengthened Friday after the results of a U.S. Non Farm Payroll data that exceeds expectations, but strengthened in late trade the currency market, the US dollar weekend retreat is depressed by the decline of U.S. wages.