Gold rallied amid weak job reports from the US

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Precious metals rallied for the second trading day on Friday as weaker-than-expected US job reports fuelled hopes for stimulus measures in the US. Recent ECB decision on unlimited bond-buying program also continued to lend support for the commodity group.

Gold soared amid broadly weaker US Dollar and hopes for easing in the US amid weak labour market.

Silver followed the yellow metal's suit, surging 3.20% on disappointing US labour market data.

Platinum was bullish on news that labour unrest at Lonmin's South Africa mine continued as miners refused to return to work unless the company increases wages.

Palladium moved higher, tacking strong performance of global stock market and base metals group .

 

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