
Spot gold rose 2.2% on non-farm payroll day, turning to an overall increase this week
On Friday (August 1), at the New York close, spot gold rose by 2.20%, reporting $3,362.15 per ounce, maintaining the gains since the release of the U.S. non-farm payroll report, with a cumulative increase of 0.74% this week. It had previously dropped to $3,268.18 after Federal Reserve Chairman Jerome Powell's press conference on July 30. COMEX gold futures for October rose by 2%, reporting $3,415.70 per ounce, with a cumulative increase of 0.69% this week. The Philadelphia Gold and Silver Index closed up 1.12%, reporting 206.50 points, with a cumulative decrease of 3.41% this week