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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