News Column

Gold Little Changed Ahead Of US Jobs Data

May 2, 2014

WASHINGTON (Alliance News) - Gold prices are slightly higher Friday morning, steady after four successive days of losses ahead of the monthly non-farm payrolls data due later this morning.

Gold futures for June delivery are up USD3.60 or 0.28% at USD1,287.00 an ounce.

Gold futures ended down USD12.50 or 1% at USD1,283.40 an ounce on Thursday, extending losses to a fourth successive session.

Silver for July is up USD0.115 or 0.60% at USD19.158 an ounce.

Meanwhile, copper is up USD0.018 or 0.59% at USD3.039 per pound.

The US Labor Department will release its non-farm payrolls report for April at 8:30 am ET. Economists expect the economy to have added 215,000 jobs in April, while the jobless rate is expected to tick down to 6.6%.

The Commerce Department's report on factory orders for March will be out at 10 am ET. The consensus estimate calls for a 1.4% month-over-month increase in factory orders.

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Source: Alliance News

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