Gold Steadies Amid Recovery Optimism After U.S. Jobs Report
- U.S. nonfarm payrolls increased by 916,000 last month
- Trading to be muted with key markets closed for holidays
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Gold steadied as investors weighed a better-than-expected U.S. jobs report against a weakening dollar.
Employers in the U.S. added the most jobs in seven months in March, as more coronavirus vaccinations and fewer business restrictions bolstered the labor market recovery. Nonfarm payrolls increased by 916,000 from February, according to a Labor Department report released on Good Friday holiday, when stocks and commodities markets were closed and the bond market closed early.