Gold gains on risk aversion despite strong US payrolls data
Gold prices rose over 1% on Wednesday as investors avoided riskier assets despite stronger-than-expected private U.S.
Private payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says
Companies added 42,000 jobs for the month, following a decline of 29,000 and topping the estimate for a gain of 22,000.
Wall Street and FTSE rise as traders weigh US jobs growth amid longest government shutdown
US stock indices hit record highs and analysts believe that some investors are taking profits, especially in AI-related stocks.
Reuters
ADP will publish weekly US private payrolls data, estimates job gains averaged 14,250 in 4 weeks to Oct 11
WASHINGTON, Oct 28 (Reuters) - U.S. private payrolls increased by an average 14,250 jobs in the four weeks ending October 11, the ADP National Employment Report's inaugural weekly preliminary estimate ...
The Business Times
Gold edges lower as US jobs data dents rate-cut expectations
Bullion hit a record high of US$4,381.21 on Oct 20, but it has fallen close to 10% since Read more at The Business Times.
Stocks rise on hopes the Supreme Court might toss tariffs, strong private sector jobs
Stocks were higher on Wednesday, a day after Wall Street witnessed a sell-off as the AI-tech rally halted as investors grew ...