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    Gold price traded lower, losing all gains after the ADP report. Gold price rose as private sector in the U.S. added 169,000 jobs in April, according the ADP report on Wednesday.

     

     

    March's figure was revised down to 175,000 jobs from a previous reading of 189,000 jobs.

     

     

    Analysts expected the private sector to add 200,000 jobs.

     

     

    Investors are awaiting the release of the labour market data on Friday. Analysts expect that U.S. unemployment rate is expected to decline to 5.4% in April from 5.5% in March. The U.S. economy is expected to add 224,000 jobs in April, after adding 126,000 jobs in March.

     

     

    10-year U.S. Treasury yield, which increased, weighed on gold price.

     

     

    June futures for gold on the COMEX today decreased to 1189.00 dollars per ounce.

     

     


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