Gold Up Over Weak U.S. Jobs Data, Mixed Chinese Trade Data….LIVE NEWS UPDATE BY ROYAL TRADERS


Gold was up on Monday morning in Asia, with investors turning to the safe-haven asset after weak economic data from the U.S. released during the previous week raised concerns about the global economic recovery from COVID-19.

Gold futures inched up 0.10% at $1,936.30 by 2:01 AM P ET (7:01 AM GMT).

The U.S. data showed a further slowdown in employment growth and an uptick in permanent job losses in August, triggering fears over the recovery’s sustainability.

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