BREAKING NEWS! Expected data for gold and silver has been announced! The wind has turned in the markets

According to data released by the US Bureau of Labor Statistics (BLS) on Friday, non-farm employment increased by 165 thousand people in October. Thus, employment growth significantly exceeded market expectations.

An upward revision was also made in the data for previous months. The employment increase in August was increased by 53 thousand people to 186 thousand, and the increase in employment in September was increased by 31 thousand people to 60 thousand people.

THE HIGHEST EMPLOYMENT INCREASE IS IN SERVICE SECTORS

The professional and business services sector stood out in particular for the increase in employment in October. An employment increase of 70 thousand people was recorded in this field.

Employment increased by 42 thousand people in health services, 25 thousand people in the transportation and storage sector, and 19 thousand people in the manufacturing industry.

UNEMPLOYMENT RATE IN THE USA IS 4.1 PERCENT

The unemployment rate in the United States remained largely unchanged in October at 4.1 percent. The number of unemployed people was announced as 7.1 million.

HOURLY EARNINGS INCREASED BY 0.4 PERCENT

An increase was also recorded in wage data. Median hourly earnings for all workers rose 14 cents to $38 in October. Thus, the monthly increase was 0.4 percent and the annual increase was 3.1 percent.

The average weekly working time remained unchanged at 34.4 hours.

The increase in employment in the USA above expectations and the upward revision of previous months' data indicated that the labor market maintained its strong course. The unemployment rate remaining at 4.1 percent and the increase in wages were among the closely followed indicators for the outlook of the US economy.

HARD DECLINE IN GOLD PRICES

Selling pressure comes to the fore in the gold market after critical data. As of 16.49, ounce gold fell to the level of 4,050 dollars, while gram gold fell below the level of 6,550 TL. The daily loss was 1.20 percent in ounce gold and 0.98 percent in gram gold.

In the spot market, an ounce of gold is traded at $4,049.99, down 1.20 percent. The highest level of ounce gold was $4,106.97 during the day, and the lowest level was $4,028.10. The ounce of gold, which was at $ 4,098.98 the previous day, dropped to the limit of $ 4,050.

Gram gold was also affected by the decline. Gram gold lost 0.98 percent value and fell to 6,531.54 TL. The lowest level of gram gold, which reached 6,623.15 TL during the day, was recorded as 6,496.74 TL. Gram gold, which was at 6,596.02 TL the previous day, approached the 6,500 TL limit.

While fine gold decreased by 0.98 percent to 6,498.88 TL, the loss in 22 carat bracelets was 1.58 percent.

HOW MUCH IS A QUARTER AND HALF GOLD?

The decline in gold prices was also reflected in quarter and half gold prices. While quarter gold decreased by 0.98 percent to 10,679.07 TL, half gold decreased to 21,358.14 TL.

While Ziynet gold is traded at 42,585.65 TL, Republic gold is at 44,153 TL. While Ata gold decreased to 44,259.21 TL, two and a half gold rose to 106,326.87 TL.

Gremse gold decreased to 107,047.06 TL and quintuple gold decreased to 216,058.29 TL.

CURRENT GOLD PRICES

Current gold prices as of 16.49 are as follows: