INSUBCONTINENT EXCLUSIVE:
Gold prices experienced a rise on Friday, December 6, reversing a previous decline, amid falling Treasury yields following the United States
jobs report.The report indicated a recovery in employment for November, yet it did not disrupt expectations for monetary easing by the
Federal Reserve in December.On this day, February gold futures increased by 0.42%
They reached $2,659.60 per troy ounce on the Comex division of the New York Mercantile Exchange.This uptick marked a recovery from an
earlier drop during the trading session
Despite this daily gain, gold recorded a weekly decline of 0.58%, having fluctuated between gains and losses throughout the week.Stephen
Brown, an economist at Capital Economics, noted that the payroll report supports the notion from various alternative indicators
factor that tends to exert downward pressure on gold prices.In terms of supply factors affecting the precious metal, Torex Gold Resources
announced the suspension of operations at its Mexican mine
This decision followed a tragic incident that resulted in three fatalities.The company reported that exposure to carbon monoxide led to the
It also resulted in the death of one contractor at its El Limon Guajes underground mine.This combination of market dynamics and supply-side
disruptions illustrates the complex landscape in which gold operates
It highlights both economic indicators and real-world events that shape investor sentiment and market movements.
