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Gold Dips On Firmer Dollar After U.S. Jobs Data
Gold dipped in early trade on Thursday, extending its losses from the previous session on a firmer dollar following stronger-than-expected U.S. employment data.
* Spot gold slipped about 0.2 percent to $1,355.60 an ounce by 0056 GMT. Bullion ended down 0.4 % at $1,357.50 on Wednesday.
* U.S. gold edged down 0.2 % at $1,362.30 an ounce.
* U.S. private employers added 179,000 jobs in July, above economists' expectations, a report by a payrolls processor showed on Wednesday.
* The dollar index, which tracks the greenback against a basket of six major rivals, was firm at 95.562 , holding well above a six-week low touched earlier this week.
* Economists polled by Reuters are looking for U.S. non-farm employment to have risen by 180,000 in July, while the unemployment rate is forecast to edge down to 4.8 % from June's 4.9 %. The official payrolls numbers are released on Friday.
Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.03%to 969.65 tonnes on Wednesday.
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Holdings
of SPDR Gold Trust , the world's largest gold-backed exchange-traded
fund, fell 0.03 percent to 969.65 tonnes on Wednesday. - See more at:
http://www.investmentguruindia.com/CommodityTopNews/Gold-dips-on-firmer-dollar-after-US-jobs-data#sthash.uy4i238L.dpuf
Holdings
of SPDR Gold Trust , the world's largest gold-backed exchange-traded
fund, fell 0.03 percent to 969.65 tonnes on Wednesday. - See more at:
http://www.investmentguruindia.com/CommodityTopNews/Gold-dips-on-firmer-dollar-after-US-jobs-data#sthash.uy4i238L.dpuf
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