Independent jobs surveys like ADP gain prominence amid US government data blackout Read more at The Business Times.
Gold prices rose over 1% on Wednesday as investors avoided riskier assets despite stronger-than-expected private U.S.
Companies added 42,000 jobs for the month, following a decline of 29,000 and topping the estimate for a gain of 22,000.
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.
U.S. job growth surged much more than expected in July and the unemployment rate ticked lower, giving the Federal Reserve enough cushion to stay on its aggressive rate hike path as it tries to tame ...