Moneycontrol PRO

business

Has Obama's jobs speech left investors sour about gold?

US President Barack Obama announced a USD 447 billion jobs plan last night, aimed at giving a leg-up to the US economy. In the commodity space, gold continues to rise on safe haven buying. But, post the jobs speech, equity markets are expected to move up, which may soften gold's rally.

first published: Sep 9, 2011 09:00 am

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347