Skip to content
Subscriber Only

Gold Rises to Three-Week High as Payrolls Trail Forecast

Gold futures rose to a three-week high after payrolls in the U.S. climbed less than projected in September, increasing speculation that the Federal Reserve will maintain monetary stimulus to boost the economy.

The addition of 148,000 workers followed a revised 193,000 rise in August, Labor Department figures showed today. The median forecast of 93 economists surveyed by Bloomberg projected an increase of 180,000. The report, delayed by the 16-day government shutdown that ended Oct. 17, was slated for Oct. 4.