Gold futures retreat from six-month high

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Source: Forexpros

Gold futures turned lower on Friday, September 7, retreating from the highest level in nearly six months reached the prior day. Bullion with December contract erased 0.5 per cent, to $1,697.10 per ounce. Elsewhere in the metals complex, prices were mixed. December silver lost 1.05 per cent to $32.335 per ounce, while copper for the same month jumped 1.04 per cent to $3.580 per pound.

 

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Fri, 07 Sep 2012 16:10:47 GMT

Bulding permits in Canada increased less than expected

On Friday, Statistics Canada reported that the amount of building permits in August grew to -2.3% on a seasonally adjusted basis from the figure of -2.5% in July. The growth is more modest than expected, since economists expected that the amount of building permits in Canada would increase to -2.0% last month.

Fri, 07 Sep 2012 16:43:35 GMT

U.S. unemployment rate fell in August

U.S. unemployment rate fell to 8.1 per cent in August, down from 8.3 per cent in the preceding month, the Labor Department figures showed today. In the meanwhile, U.S. employers added only 96,000 jobs last month following a revised 141,000 rise in July that was smaller than initially predicted. Moreover, hourly earnings were unchanged.

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