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Gold Hits Seven-Week High After US Payrolls Drop 23,000 in July Jobs Report
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Coinpaper
Gold climbed to a seven-week high on Friday after the United States reported an unexpected drop in July payrolls.
US Jobs Report Sends Gold Above $4,300The US economy lost 23,000 jobs in July, according to the latest .
However, the labor force participation rate fell to 61.4%, its lowest level in about five and a half years.
Gold futures surged above $4,400 per ounce after the U.S. economy lost 23,000 jobs in July.
Lower Oil Prices Add Support to Gold RallyOil prices also on Friday as markets tracked talks linked to the Strait of Hormuz.