Gold Up Over Weak U.S. Jobs Data, Mixed Chinese Trade Date
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 19.
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.
There are almost 27 globally as of September 7, according to Johns Hopkins University data.
China also released customs data for August earlier in the day, which showed that increased 9.5% year-on-year, beating July’s , a larger decrease against the\ drop for the previous month. The was billion, higher than the \\ billion but lower than July’s \ billion figure.