Gold futures seemed prepared to halt their five-day losing streak on Wednesday, gliding higher as economic data boomed before the jobs report.
Gold to be delivered in June climbed $3.90 or 0.3%, in electronic trade to $1,283.90 per ounce. May silver gained 12 cents or 0.6%, to $19.81 per ounce. A day before, gold futures failed to break into optimistic territory, instead clinging to a close range as traders looked forward to US economic figures for hints on the metal’s demand outlook.
ADP is slated to release private-sector employment numbers at 8:15 a.m. EST, with markets looking for clues about whether the labor market reclaimed in March. Then the US Commerce Department is poised to report factory orders for February.
In metals trading, July platinum increased $2.50 to $1,432,10 per ounce, while June palladium snipped $3.55 or 0.4%, to $778.60 per ounce.
The material has been provided by InstaForex Company – www.instaforex.com
Gold futures seemed prepared to halt their five-day losing streak on Wednesday, gliding higher as economic data boomed before the jobs report.
Gold to be delivered in June climbed $3.90 or 0.3%, in electronic trade to $1,283.90 per ounce. May silver gained 12 cents or 0.6%, to $19.81 per ounce. A day before, gold futures failed to break into optimistic territory, instead clinging to a close range as traders looked forward to US economic figures for hints on the metal’s demand outlook.
ADP is slated to release private-sector employment numbers at 8:15 a.m. EST, with markets looking for clues about whether the labor market reclaimed in March. Then the US Commerce Department is poised to report factory orders for February.
In metals trading, July platinum increased $2.50 to $1,432,10 per ounce, while June palladium snipped $3.55 or 0.4%, to $778.60 per ounce.
The material has been provided by InstaForex Company – www.instaforex.com
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