Gold

Commodity

XAUUSD

Delayed 07:31:41 25/06/2024 BST			5-day change	1st Jan Change
2,324 ^USD	-0.27%		+0.17%	+12.71%

08:04am	Asian shares mostly higher, yen hits record low versus euro	RE
06:01am	QX Resources to Commence Follow-Up Trenching at Queensland Project	MT

Materials Down After Weak Jobs Data -- Materials Roundup

January 14, 2021 at 09:51 pm

Producers of metals and other raw materials slipped after weak jobs data and the latest comments from the Federal Reserve.

Fed Chairman Jerome Powell indicated the jobs market had a long way to go before a full recovery, and said the central bank would wait to see whether inflation picks up, meaning it does not plan to hike rates any time soon.

Meanwhile, signs that the latest wave of Covid 19 outbreaks in the U.S. were triggering layoffs were borne out in the latest weekly unemployment data. About 965,000 workers filed initial jobless claims for the week ended Jan. 9, according to Labor Department data, up sharply from a week earlier.

Gold futures finished with a modest loss, as the dollar strengthened slightly against other currencies.


 Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-14-21 1650ET

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