Click here to get this article in PDF
Yahoo! Finance: SI=F News
The U.S. Labor Department’s data showed slowing employment growth in July amid a surge in COVID-19 cases, highlighting the need for the White House and Congress to agree on an aid package. Gold slid 2%, after hitting a record high earlier in the week, the euro fell from highs against the dollar last seen in May 2018 and U.S. Treasury yields rose, halting a downward move that had the benchmark 10-year note poised to fall below 0.5%. The sell-off was due to profit-taking after the record peaks this week in gold and the tech-driven Nasdaq, and as the value of the dollar ebbed, said Axel Merk, president and chief investment officer of Merk Investments LLC in San Francisco.
The post GLOBAL MARKETS-Dollar gains, stocks ebb after jobs data halts rally appeared first on WorldSilverNews.