Gold Drops After US Jobs Data Keeps Fed on Hawkish Track [Business News Network (BNN) (Canada)]
Open Text Corporation - Common Shares (OTEX)
Last open text corporation - common shares earnings: 4/30 04:01 pm
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Source: Business News Network
Nonfarm payrolls rose 528,000 last month, more than double economists' estimates. The dollar rose following the data release, putting pressure on gold. Read: US Job Growth Surges, Tempering Recession Fears and Pressing Fed Still, bullion is now poised to end the week little changed, after earlier gains amid tension between China and US over US House speaker Nancy Pelosi's visit to the Taiwan. “Gold bulls didn't get their green light from the jobs data with the outsized strong beat,” said Nicky Shiels, head of metals strategy at MKS PAMP SA. “Gold should remain capped below $1,800 for now, but attention will turn to the CPI.” Spot gold dropped 1.4% to $1,766.83 an ounce by 2:06 p.m. in London. The Bloomberg Dollar Spot Index surged 0.7%. Silver and platinum declined while palladium gained. ©2022 Bloomberg L.P. Top Picks Top Stories Canada sheds 30,600 jobs in July: Statistics Canada ?Canopy Growth swings to loss on $1.7B pot impairment Suncor's Q2 net profit increa
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Earnings
- 2/1/24 - Beat
OTEX
Sec Filings
- 4/8/24 - Form 8-K
- 3/12/24 - Form 144
- 2/14/24 - Form SC
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