New York Gold Contract It closed higher last night (Sept. 3) as investors flocked to gold contracts as a safe haven asset. After the United States revealed lower-than-expected employment numbers. reflects that the US economy has not recovered from the impact of the COVID-19 that continues to spread
Gold contract on COMEX (Commodity Exchange) for delivery in Dec. It rose $22.2, or 1.23%, at $1,833.7/ounce. and rose about 0.8% this week.
Silver metal contract for delivery in December It was up 88.4 cents, or 3.7%, at $24.802 an ounce.
The platinum contract was delivered in October. It was up $27.4, or 2.76 percent, at $1,021.6 an ounce.
Palladium contract delivered in December Up $15.90 or 0.7% to close at $2,416.30 an ounce.
Gold contracts gain buying momentum as a safe haven asset. After the US Department of Labor reported on Friday that Non-farm payrolls rose just 235,000 in August. That was lower than analysts’ estimates of 720,000 positions and 1,053,000 positions in July.
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