Increased job growth and wages in the United States

In the United States, employment growth picked up sharply in October, while wages recorded their largest annual increase in nine and a half years, signaling a further improvement in the market. work likely to induce the Federal Reserve to raise prices Interest again in December.

The Department of Labor's monthly report, closely followed, showed that the unemployment rate remained stable at 3.7%, its lowest level in 49 years, despite the growing number of people entering the labor market.

The non-farm payroll increased by 250,000 jobs last month.

Economists polled by Reuters forecast an increase of 190,000 jobs in October and an unemployment rate of 3.7% unchanged.

Average hourly wages increased five cents, or 0.2%, in October after rising 0.3% in September.

The rise brought the annual wage increase to 3.1%, the largest increase since April 2009, compared to 2.8% in September.

These data have an impact on gold prices, as investors are cautious prior to the release of these data, not least because they affect expectations of rising interest rates and interest rates. so the price of gold.

The price of gold has maintained its gains during the previous session and the metal has set at $ 1232.81 an ounce.

Prices hit their highest level since October 26, at $ 1237.39 an ounce yesterday, due to the weakening dollar.

Gold futures dropped 0.3% to 1235.1 dollars an ounce.