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Gold Back Above $1,900 as Dollar, Yields Soften After Lackluster U.S. Jobs

10 days ago   |   By FXCM

By Barani Krishnan
Investing.com - Gold returned to the $1,900 fold on Monday for the first time in three trading sessions as the dollar and U.S. bond yields continued their retreat on lackluster U.S. jobs growth for May.
Gold had waddled in $1,800 territory since Thursday as the dollar and yields turned higher on weekly U.S. employment claims that came in at their lowest since the COVID-19 outbreak in March 2020.
The non-farm payrolls for all of May, released a day later, showed the U.S. added just 559,000 new jobs for last month - some 90,000 below forecast - although the unemployment...
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