Home | September 2011News | Pan American Metals of Miami Announces Gold Prices Leaping Upward Following Disappointing US Jobs Numbers |
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Pan American Metals of Miami Announces Gold Prices Leaping Upward Following Disappointing US Jobs Numbers
- Pan American Metals of Miami Announces Gold Prices Leaping Upward Following Disappointing US Jobs Numbers
- September 03, 2011
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Disappointing US employment figures helped push gold upward again.
MIAMI, FL - Gold prices strengthened again today, September 2, on disappointing US employment figures. There was zero growth in the non-farms payroll sector, set against expectations of around 80,000 and unemployment was again over 9%. Disappointing job figures led to speculation that the Federal Reserve will introduce a further round of quantitative easing in an attempt to help the situation; this would serve to push gold even higher. Gold benefited as US stocks tumbled amidst fears that the na...
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