Mumbai, Nov. 6 -- Precious metals stayed lower after strong US labor market data. The US nonfarm payrolls increased by a seasonally adjusted 165000 in Oct-26, the Bureau of Labor Statistics reported Friday. The unemployment rate ticked down to 4.1% and the prior months payrolls were revised up substantially: The August figure moved to 186000, an upward revision of 53000, while the September reading rose to 60,000 following an upward revision of 31000. This pushed the US dollar index above 102 mark and kept a leash on metals. COMEX Gold is at $4070 per ounce, down 1% while Silver lost 0.79% to slide under $52 per ounce.
Published by HT Digital Content Services with permission from Capital Market....