Gold gains 1.2% per week

Gold closed lower on Friday, although it had fallen below $ 1,800, following the best-kept data on new jobs in the United States.

The U.S. economy added another 467,000 jobs in January, according to the Department of Labor. At the same time, the December data were revised upwards to 510,000 positions from 199,000 previously announced. Average estimates by analysts at a Reuters poll put the figure at 150,000 in January.

The unemployment rate, meanwhile, rose to 4% from 3.9% following the introduction of new criteria by the government in the population calculation rules.

“The unexpectedly strong job report boosted expectations that the Federal Reserve’s short-term tightening would be much more aggressive,” said Edward Moya, an OANDA analyst.

Gold has finally recovered from the positive sign, as continued volatility on the Wall provides some support for the precious metal that attracts investors as a safer haven.

“Although gold could be threatened in an environment where interest rates are rising, its attractiveness as a safe haven in times of crisis and stock market downturns suggests that investors continue to see value in holding gold,” he said. Rupert Rowling, analyst at Kinesis Money ,.

In this climate, the April delivery gold It strengthened by $ 3.70 or 0.2%, to reach the price of $ 1,807.80 per ounce, while intra-conference it fell to $ 1,792.10. During the week, gold added 1.2%, according to FactSet data, recording the largest weekly increase since the 5-day period that ended on November 12.

The March delivery silver rose 10 cents, or 0.5 percent, to $ 22,475 an ounce, up 0.8 percent on the week.

As for the other metals, o March delivery copper gained 0.4% on Friday to $ 4.488 per pound, and gained 4.1% during the week. THE april delivery platinum slipped 0.6% to $ 1,024.20 an ounce, while moving up 1.8% on the week. The March delivery contract for palladium lost 1.2% to $ 2,308 an ounce, while on a weekly basis it was at -3.6%.