Gold ends higher as data show strong rise in US jobs but weak wage growth

Last Updated : Saturday, Nov 17, 2018

Gold prices ended higher Friday, erasing their loss for the week, as monthly data revealed a strong rise in U.S. jobs, but disappointing growth in wages. The U.S. dollar weakened in the wake of the employment data. Gold and the greenback often move inversely as a weaker dollar can raise the appeal for investors using other currencies to buy the precious metal. April gold GCJ8, +0.17% rose $2.30, or 0.2%, to settle at $1,324 an ounce—up roughly 60 cents, or 0.05%, for the week, leaving its year-to-date gain at roughly 0.8%.

(Source : www.marketwatch.com)