U.S. job growth improves, while unemployment jumps

Source: Reuters
As reported by the Labor Department, U.S. employers hired 163,000 people in July, while the unemployment rate rose to 8.3 per cent, from previous 8.2 per cent. As long as the jobless rate is growing, the Federal Reserve will have to keep further stimulus in mind. Meanwhile, the Fed claimed their readiness to introduce another quantitative easing if the economy does not start to recover.
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Fri, 03 Aug 2012 21:34:59 GMT

Gold futures edged higher on Friday

On Friday, August 3, gold futures edged higher as U.S. hiring improved. Gold for December settlement jumped 0.3 per cent, to $1,595.90 per ounce during today's New York trading session.  Despite today's gains, the bullion erased 1.3 per cent during this week. September silver also rose by 1.1 per cent, to $27.29 per ounce, and copper with September contract added 1.4 per cent, to $3.34

Tue, 07 Aug 2012 16:10:10 GMT

U.S. stocks jumped on data

U.S. stocks advanced on Friday after four day of losses as the optimism on the Eurozone's debt crisis resolution grew and U.S. non-manufacturing activity jumped in July. The Dow Jones Index soared 1.7 per cent, to 13,098.29; the S&P 500 Index added 1.8 per cent, to 1,389.84, and the Nasdaq Composite jumped 1.9 per cent, to 2,965.29.

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