News Formal

Gold prices under pressure after ADP says 278K jobs created in May; US labor market remains healthy but wage growth falling

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Gold prices under pressure after ADP says 278K jobs created in May, US labor market remains healthy

- The gold market is seeing some selling pressure as the U.S. labor market continues to fire on all cylinders, with private-sector jobs increasing more than expected last month, according to the latest employment report from payroll processor ADP.

However, the threat of spiraling wage inflation appears to be muted, as the report noted that wages continue to fall. The gold market is losing ground after seeing a solid bounce off a two-month low at the start of the week. June gold futures last traded at $1,959.30 an ounce, down 0.23% on the day.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 13. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

How the major gold/mining stocks are stacking up, technically - May 30Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Källa: KitcoNewsNOW - 🏆 13. / 78 Läs mer »