Gold Futures Prices Fall Before US Releases Non-Farm Payrolls Tomorrow.
At 21.53 Thai time, the COMEX (Commodity Exchange) gold contract will be delivered in December. From under $ 1.50, or 0.09%, to $ 1,719.30 / ounce.
The market was also put under pressure by the strong dollar. and the rebound in US government bond yields
A stronger dollar will reduce the attractiveness of gold. making gold contracts more expensive for holders of other currencies. As the rebound in US Treasury yields increases the opportunity cost of holding gold. Because gold is an asset that does not return in the form of interest.
The number of jobless claims for the first time jumped from 29,000 to 219,000 last week, the Labor Department said. and surpassed the expected 203,000 analysts.
The number of applications for unemployment benefits exceeds 215,000, the weekly average in the pre-COVID-19 pandemic.
Meanwhile, the US Department of Labor has reported the number of Americans continuing to apply for unemployment benefits. increased to 1.36 million
Market to keep an eye on the number of non-farm payrolls tomorrow As analysts had predicted it The number of jobs added only 265,000 in September. After increasing 315,000 jobs in August and the unemployment rate is expected to remain stable at 3.7%.
