Gold price rises - Luke is Alive #175 - November 10, 2021
Gold prices jump again reaching as high as 1,865.00 USD an ounce today, at the writing of this post it was trading at 1,846.70 USD.
The ounce rose mainly for two reasons: the US added 531,000 non-farm payrolls in October, although there is still a higher inflation outlook in the medium term. In addition, 10-year Treasury yields are falling.
"The NFP data was excellent and far exceeded expectations, but gold is likely to benefit from the labor participation rate still holding steady below 62%; an overheated labor market would be about 1% higher," Jeff Wright, chief investment officer at Wolfpack Capital, told MarketWatch.
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Luke has traveled to Bluebarrow
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Luke has traveled to Westacre
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I could only find it twice, I have a lot of problems with my internet connection.