New York, NY (BBN) – Oil prices dipped after a U.S. jobs report prompted new concerns about economic growth. Crude fell below US$ 81 per barrel on the New York Mercantile Exchange.
On the other hand, gold prices rose above US$ 1,200 an ounce on Friday as investors hedged their portfolios on the back of a weak U.S. unemployment report for July.
BBN/SSR/SI/AD-08Aug10-10:41 am (BST)