TeleTrade - Analytics

    TeleTrade

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    02.10.2015 06:42 Gold steady ahead of U.S. jobs data

    Gold is currently at $1,111.30 (-0.22%) near a two-week low ahead of a closely-watched U.S. payrolls report. A strong report could put additional pressure on bullion as it would mean that the U.S. economy is improving and it can handle higher rates. Several Federal Reserve's officials said in their speeches that the Federal Open Market Committee can raise rates at any meeting before the end of the year.

    Higher interest rates would decrease demand for this non-interest-bearing precious metal.


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