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Gold prices fall as the dollar ahead of US non-farm payrolls data

2019-09-06 09:30 am | Resource: News | No Views : 29

Gold prices fall ahead of US nonfarm payrolls data

Gold prices fell as the dollar stabilized as markets awaited US jobs data, along with investor optimism after Washington and Beijing agreed to resume trade negotiations next month.

Wall Street rises higher in futures market amid trade optimism

US stocks were largely traded in the green market on the last day of the week as market watchers remained optimistic about continued US-China trade talks. German Chancellor Angela Merkel expressed hope earlier in the day that the world's two largest economies would soon resolve their dispute, adding that it had affected a large number of countries. German Chancellor Angela Merkel expressed hope on Friday that the ongoing trade war between the United States and China would be resolved soon because it affects the whole world.

In other news, investors are awaiting the US non-farm payrolls data for August due before the opening bell.

US Stock Futures.
  • The Dow Jones Industrial Average rose 0.11%.
  • The Nasdaq 100 was unchanged at 10:12 am CET.
  • The S&P 500 rose 0.10%, all at 10:29 CET.

Meanwhile, the dollar index, which tracks the performance of the greenback versus a basket of six currencies, was steady at 98.39 points. The euro rose 0.08% against the dollar to trade at 1.1044 10:29 CET.

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