Gold Prices Hit Highest for a Month at $2,400 per Ounce
Published on July 6, 2024
Gold prices broke through a monthly high during the last trading day of the week after a disappointing U.S. employment report showed lower job additions in June. Spot gold hit a high of $2,393 per ounce on Friday, eclipsing a month-long high of roughly $2,388 hit on June 7. The new high also appeared to have broken the downward trend triggered after gold prices hit a peak of $2,450 in mid-May. The surge in gold prices came after the U.S. Bureau of Labor Statistics released the latest employment numbers on Friday. Total U.S. nonfarm payrolls grew by 206,000 last month, lower than that of May. It was also the second-lowest payroll growth this year....