Exact metal-gold falls as stocks advance after strong labor data in the US
April 5 (Reuters) – Gold prices fell on a shallow trading day Monday due to the Easter holiday, as US employment data boosted hopes for a faster economic recovery and global stock markets, making the body less attractive .
* At 0919 GMT, spot gold was down 0.3% at $ 1,724.50 an ounce, while gold futures were down 0.2% at $ 1,725.20 an ounce.
Han Tan, an analyst with FXTM Markets, said the Steller March non-farm payroll report, released on Friday, is raising optimism around the US economic recovery, raising risk appetite and reducing bullion demand.
“” If hard data continues to support more risk-taking activities in markets, traditional havan is likely to suffer from a risk-friendly tide, “he said.
* Silver lost 0.9% to $ 24.75 an ounce in other precious metals; Palladium was down 0.7% at $ 2,646.62; Platinum was down 0.4% at $ 1,204.93 after hitting a high before March 18 at 1,218 in the session.
(Edited in Spanish by Carlos Serrano)
“Wannabe troublemaker. Pop culture fanatic. Zombie nerd. Lifelong bacon advocate. Alcohol enthusiast. Tv junkie.”