WTI falls as U.S. payrolls shrink

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Source: Bloomberg
West Texas Intermediate oil contracted on Friday after the U.S. government data unveiled that the country's employers hired fewer number of workers than expected in March. WTI for delivery in May dropped 1.5% to $91.91 a barrel on the NYMEX after it was traded at $92.55 earlier on Friday, while Brent crude traded in London edged down 1.3% to $104.92 a barrel.

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Fri, 05 Apr 2013 16:00:11 GMT

Gold trades near 10-month low as global economy is improving

Gold futures were traded close to the lowest level in 10 months on Friday as investors are seeking for higher return assets amid an improving global economy and before U.S. report showed a less-than-expected job growth in the country. Bullion for immediate delivery fell 0.2% to $1,551.48 an ounce on Friday after it touched its lowest level since May 30

Fri, 05 Apr 2013 15:38:06 GMT

Canadian Dollar drops versus U.S. Dollar amid fewer jobs

The Canadian currency continued to decline against its U.S. counterpart after a report showed an unexpected drop in jobs, the largest since June 2012, as the unemployment rate rose from 7% to 7.2% last month. The so-called Loonie edged lower 0.8% to C$1.0212 earlier on Friday recording the biggest decrease since June 28, one Canadian Dollar buys 97.92 U.S. cents.

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