gold prices slightly gained on Friday, as investors sought risky assets after the jobs report from the United States showed unemployment fell in November
gold prices slightly gained on Friday, as investors sought risky assets after the jobs report from the United States showed unemployment fell in November to 8.6% from 9.0%, while investors were also hopeful that EU leaders are working on plans to ease the European debt crisis, which provided gold prices with some bullish momentum.
Traders will continue to monitor the developments from Europe regarding the debt crisis, where rising yields in Europe, especially in Italy suggest investors are concerned amid the uncertainty that is surrounding the outlook of the EU debt crisis.
Accordingly, we should expect more fluctuations in prices, but if the current wave of optimism prevails, we should expect gold prices to extend their gains, but we should note that the level of uncertainty is very high, and investors are ought to remain cautious.
