The price of gold is declining subsequent to the government's June employment statement which showcased companies adding more jobs in the progressing economy. Furthermore, the dollar reinforced against the euro as well as other major currencies. Gold for August delivery elevated US$39.30 (S$49.90), otherwise 3.1 per cent, to conclude at $1,212.70 per ounce on Friday. Silver slipped by almost 5 per cent while other metals were descended as well.

US employers added 195,000 jobs in June as well as much more in April and May by comparison with previously thought. Gold befit in appearance less attracting interest as a safe place for investors in an intensified economy. The price of benchmark lacking completeness remained at a 14-month high, adding $1.98 per barrel to conclude at $103.22, as traders watched growing uneasy state in Egypt at the same time concerned regarding the potentiality for shipping instance of intermission in the region. Another fact remained prominent that the grains were caused to descend.

(AW:Samrat Biswas)