+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Gold!

Oct 2, 2015, 18:57 IST

Gold is spiking.

Advertisement

After the disappointing September jobs report, markets were seeing a decidedly "risk off" trade, with stocks getting crushed, bonds rallying, and gold spiking.

Following the report, gold futures were up nearly 2% in New York to trade at around $1,135 an ounce.

Meanwhile Dow futures were down more than 200 points and the US 10-year Treasury note was back below 2% for the first time since August.

In September, the US economy added 142,000 jobs, less than expected, while wages disappointed and the labor force participation rate fell to a fresh 38-year low.

Advertisement

Here's gold.

FinViz

NOW WATCH: Fed's Bullard gave us a great baseball analogy to explain what the Fed is doing wrong

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article