- Silver futures were trading lower during noon trade in the domestic market on Friday as investors and speculators took a cautious approach ahead of March jobs data from the US which may dictate the timing of the US Federal Reserve’s next interest rate hike.The US economy may have added 205000 jobs in March down from 242000 in February analysts estimated.
- Gold prices rose by 0.15 per cent on Friday ahead of a closely-watched US employment report for the month of March. The second quarter will kick off with March’s critical US jobs report which could provide key insight into the Federal Open Market Committee’s (FOMC) decision-making process when it meets next in late-April.
- Crude oil prices fell by 1.52 per cent on Friday as investors brushed off manufacturing PMI surveys out of China for signals on demand and waited rig count data from the US services firm Baker Hughes. The Caixin manufacturing PMI for March came in at 49.7 compared with a level of 48.2 seen and 48.0 for the final in February. A level below 50 denotes contraction.
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