The price of gold is slightly decreasing within the correction

The price of gold is slightly decreasing within the correction


In the course of trading Friday, gold jumped 2.2%, a record showing the consolidation since January 15. On Tuesday, as at 9.03 GMT, the December futures for gold on the new York stock exchange Comex became cheaper on 1,1 dollars.

MOSCOW, 6 Oct. The price of gold on Tuesday shows a slight negative trend within the correction after rising 2.2% during trading Friday, according to AFP.

As at 9.03 GMT December futures for gold on the new York stock exchange Comex became cheaper on 1,1 dollars or 0.1% to 1136,5 dollars per Troy ounce. The cost of December futures for silver fell by 0.62% to 15,61 USD per ounce.

On Friday it became known that unemployment rate in the United States in September remained at the August level at 5.1%, but the number of jobs in nonagricultural sectors of the economy grew by only 142 thousand against the expected growth of 200 thousand.

The Ministry also revised August growth in the number of jobs in nonagricultural sectors, the increase amounted to 136 thousand instead of the previously reported 173 thousand.

Weak statistics on the labor market of the United States has lowered expectations for raising interest rates Federal reserve system (FRS) that have supported the precious metal. Gold jumped during the auction on Friday by 2.2%, showing a record consolidation since January 15.