Current Prices: Gold USD 2028.90.40/oz (AUD 3074.28) And Silver USD 23.81/oz (AUD 36.10)
Gold prices firmed on Thursday on a weaker dollar in the run-up to U.S. non-farm payrolls data. Spot gold edged higher by 0.3% trading near $US2029 per oz at the US close. Silver however fell 0.4% trading near $US 23.80 per ounce.
US share markets advanced on Thursday, With less than an hour left of trade, the Dow Jones index is up by 70 points or 0.2%, the S&P 500 index gained 0.8% and the Nasdaq index added 195 points or 1.4%. In US economic data, initial jobless claims rose by 1,000 to 220,000 last week (survey: 220,000).
US government bond yields were mixed on Thursday. Yields saw small moves after earlier climbing amid hawkish signals from the Bank of Japan. The US 10-year Treasury yield rose by 1 point to 4.13%. But the US 2-year Treasury yield dipped 3 points to 4.58%.
Currencies were stronger against the US dollar in European and US trade. The Aussie dollar lifted from US65.27 cents to US66.16 cents and was near US66.05 cents in late US trade.
In US economic data, initial jobless claims rose by 1,000 to 220,000 last week (survey: 220,000).
Australian gold prices fell by 0.63% ($19.54 per oz) to AUD 3073.37 at the US close.
Australian silver prices fell by 1.25% ($0.46 per oz) to AUD 36.05 at the US close.
The current Gold and Silver USD Ratio is 85.28
Current AUD/USD is 0.6601
Gold (Yellow) vs Silver (White) vs ASX200 (Green) YTD Returns
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