Oil – Reuters reported that Brent crude oil went up 1% Friday, and rose 3% for the week, as employment saw higher gains than forecast, based on the figures from the U.S. Department of Labor.
Articles Tagged "US jobs"
Oil – Bloomberg reported that crude oil options have sunk the most since May 2 at 21.66% as of 3:40PM on the New York Mercantile Exchange amid a better-than-expected U.S. jobs report.
Gold – Reuters reported that gold prices rallied to their highest so far in 2012 on Thursday on the up-coming US jobs data, and the ECB's intent to keep borrowing costs low. Gold prices are setting their sights on the $1,800 mark.
Copper – Reuters reported that copper rebounded on Friday to its highest price in nearly four months.
Commodities are gaining ground as Italy and Greece exert political leadership to get their finances under control. But worries about risks remain.