Golden Scout - Gold Up Over U.S. Stimulus Uncertainty
Gold was up on Friday morning in Asia, as disappointing jobs data from the U.S. sinks in and uncertainty over the latest U.S. stimulus measures and Brexit talks remains.
Gold futures were up 0.23% at $1,841.70 by 12:47 a.m. (ET). The dollar, which usually moves inversely to the yellow metal, was down on Friday.
The U.S. saw 853,000 jobless claim filed during the past week, more than the 725,000 in forecasts prepared by Investing.com and the previous week’s 716,000 claims. The data, released on Thursday, suggested that the number of claims increased as more businesses shut down due to ever-increasing numbers of COVID-19 cases in the U.S.
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