Gold gains as US jobs data ease taper woes; nickel, aluminum lead base rallyBloombergGold jumped to a seven-week high after a report showed that the US economy added fewer jobs than forecast, easing concerns that the US Federal Reserve will soon pare back stimulus. Nickel and aluminum led gains in most base metals. In base metals, aluminum added 1.3 percent to US$2,730 a ton on the London Metal Exchange, posting a second weekly gain. The metal climbed to a 10-year high this week as Chinese supply was constrained by an electricity savings drive. Copper rose 0.7 percent in London and nickel climbed 2.1 percent.

Source: Taipei Times September 04, 2021 15:56 UTC