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Gold jumps as US jobs disappointment dims prospects of tightening by Fed

Gold mining companies expand the hedge book to the highest level for 6 years during Q2

Published Sun, Sep 4, 2016 · 09:50 PM

New York

GOLD futures gained, reducing a weekly decline, after US employment data missed estimates, boosting the metal's appeal as a haven.

Payrolls climbed by 151,000 last month following a 275,000 gain in July, a Labor Department report showed on Friday in Washington. The median forecast in a Bloomberg survey called for 180,000.

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Companies & Markets

Companies & Markets

Gold jumps as US jobs disappointment dims prospects of tightening by Fed

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

US: Wall St opens higher

Air China orders homegrown C919s in challenge to jet duopoly

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