5 Gold Stocks to Keep an Eye on as Gold Prices Stabilize Zacks.com 4 hrs ago Gold futures for June delivery gained 0.8% to close at $1,741.50 an ounce on Apr 6 courtesy of a weaker dollar and as yield on the benchmark 10-year Treasury note declined to 1.64% — the lowest in two weeks, with global stocks trading around all-time highs. The yellow metal seems to have regained footing after losing 8% of its value so far this year due to vaccine rollouts and strong optimism over economic recovery. Popular Searches According to the latest Labor Department report, total nonfarm payroll employment rose by 916,000 in March and the unemployment rate fell to 6.0%, reflecting the resumption of economic activity that had been thwarted by the pandemic. In the United States, there has been a noted expansion in manufacturing activity over the past 10 months. The Caixin China General Manufacturing PMI has remained above 50 since May last year, highlighting expansion. Meanwhile, the IHS Markit Eurozone Manufacturing PMI has also trended above 50 since July last year. The IHS Markit US Services PMI came in at 60.4 in March 2021, higher than 59.8 in February — the fastest output growth since July 2014. All these have fueled hopes for a rapid economic recovery and bolstered global equities, which dulled gold’s luster.