Metals Caught Between Global Gloom and U.S. Job Gains

by David Russell

Better than expected employment figures in the US causes gold to take a breather after gaining more than 28% since the beginning of the year.

Bloomberg takes a look at the current competing bullish and bearish forces affecting the outlook for precious metals.

Metal markets are caught between global gloom and renewed U.S. optimism.

A six-week surge by gold, the quintessential haven investment, stalled on Friday as better-than-expected U.S. jobs data blunted global economic concern that has boosted safe-haven demand. Copper, often used as a barometer for the global economy, gained as much as 0.9 percent after the labor report.

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