Yonhap Infomax NewsGold prices surged over 1% in New York trading as weak US February employment data showing 92,000 job losses eased dollar strength and Treasury yield pressures, with unemployment rising to 4.4% and raising stagflation concerns among traders.
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[New York Gold Price] Rises Over 1% as Weak US Jobs Data Eases Strong Dollar, High Rate Pressures
Gold prices surged over 1% in New York trading as weak US February employment data showing 92,000 job losses eased dollar strength and Treasury yield pressures, with unemployment rising to 4.4% and raising stagflation concerns among traders.