Thursday, June 5, 2014

Gold barely budges ahead of U.S. jobs, ECB cues



Gold prices barely budged on Wednesday, settling with a modest decline as traders looked ahead to monthly U.S. jobs data and the outcome of the European Central Bank meeting for guidance.
Gold for August delivery fell 20 cents to settle at $1,244.30 an ounce on the Comex division of the New York mercantile Exchange, after rising 50 cents on Tuesday, which was the first positive session in seven. July silver rose 3 cents, or 0.2%, to $18.79 an ounce.
Gold had ticked higher immediately after U.S. data Wednesday showed the fewest private-sector jobs added in four months. Employers added 179,000 jobs in May, down from 215,000 in April and below a forecast for 220,000 new jobs.
Source : MarketWatch

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