Gold, Oil, and Stocks Fall on US Jobs Data

Following news Thursday of a bigger-than-expected dip in U.S. jobs and an unemployment rate increase to 9.5 percent, gold fell toward $930 an ounce, oil plunged to a one-month low and U.S. stocks tumbled.

In New York trading futures for bullion:

• Silver for September delivery declined 35.2 cents, or 2.6 percent, to 13.408 an ounce.

• Gold for August delivery fell $10.30, or 1.1 percent, to $931.00 an ounce.

• October platinum lost $11.80, or 1.0 percent, to $1,193.30 an ounce.

(…)
Read the rest of Gold, Oil, and Stocks Fall on US Jobs Data (348 words)

---

© CoinNews.net for Coin News, 2009. |
Permalink |
No comment |
Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News.