iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Gold nears three week high

3 Jun 2022 , 04:15 PM

Gold firmed on Friday amid weakness in dollar and renewed demand for the safe haven asset on lingering concerns about global growth and inflation. The yellow metal bounced above $1870 mark, for the first time in more than three weeks. Gold for August delivery jumped more than 1% to $1871.65 an ounce. The U.S. dollar currency index, which tracks the greenback against six major currencies, was 0.8% lower at 101.69, on pace to snap a two-day streak of gains. Meanwhile, ADP released a report on Thursday showing private sector employment increased by much less than expected in the month of May. ADP said private sector employment climbed by 128,000 jobs in May after jumping by a downwardly revised 202,000 jobs in April. The much weaker than expected private sector job growth came as increases in employment at large and medium businesses were partly offset by a loss of jobs at small businesses. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.