You are here

COMMODITIES

Gold slides on rate hike fears after strong US jobs data

Monday, April 4, 2016 - 05:50

BT_20160404_COMMO4_2201496.jpg
Gold saw its biggest quarterly rise in nearly 30 years in the three months to March, rallying more than 16%.

New York

GOLD fell more than one per cent on Friday after US March payrolls data beat expectations, allaying some fears about the US economy and stoking speculation about the timing of likely interest rate hikes by the Federal Reserve this year.

US employers added 215,000 jobs in

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom