Gold futures surged to a slow start on Monday, gliding lower as last week’s jam-packed economic calendar paved way to a long light on scheduled reports.
Gold to be delivered in April dropped $5.40 or 0.4%, to $1,332.80 per ounce in electronic trade, while May silver slipped 15 cents or 0.7%, to $20.78 per ounce. Gold futures concluded on Friday with their largest one-day point and percentage loss in more than a week because of better than anticipated jobs data. The US accrued 175,000 jobs in February.
In metals trading Monday, April platinum gave up $11.50 or 0.8%, to $1,472.10 per ounce, while June palladium missed $5.85 or 0.8%, to $775.95 per ounce.
High-grade copper to be delivered in May tumbled 4 cents or $1.1%, to $3.05 per pound.
The material has been provided by InstaForex Company – www.instaforex.com
Gold futures surged to a slow start on Monday, gliding lower as last week’s jam-packed economic calendar paved way to a long light on scheduled reports.
Gold to be delivered in April dropped $5.40 or 0.4%, to $1,332.80 per ounce in electronic trade, while May silver slipped 15 cents or 0.7%, to $20.78 per ounce. Gold futures concluded on Friday with their largest one-day point and percentage loss in more than a week because of better than anticipated jobs data. The US accrued 175,000 jobs in February.
In metals trading Monday, April platinum gave up $11.50 or 0.8%, to $1,472.10 per ounce, while June palladium missed $5.85 or 0.8%, to $775.95 per ounce.
High-grade copper to be delivered in May tumbled 4 cents or $1.1%, to $3.05 per pound.
The material has been provided by InstaForex Company – www.instaforex.com
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