English
Gold caught breath after 4 sessions of losses
Gold settled today, Thursday, after four sessions of decline with investors anticipating non -agricultural job data in the United States that may affect the interest rate of the Federal Reserve (US Central Bank), while palladium prices declined amid bleak expectations for long -term demand.
The immediate price of gold rose 0.2 % to $ 2044.39 an ounce, a day after it recorded its lowest level since December 21. US gold futures for gold futures were settled at 0.4 % at $ 2050.00.
Jim Wikov, chief analyst at Kitco Metals, said: "The speculators need to rise the gold market to a new spark to start high prices ... (but) If job data comes stronger, then this will put some pressure on prices and may reduce (market) expectations to reduce prices The benefit from the Federal Reserve. "
The non -agricultural job report in the United States is scheduled to be issued on Friday.
Data on Thursday showed that the weekly unemployment subsidies in the United States decreased more than expected last week and that private sector employers in the United States appointed a greater number of expected in December, indicating the continued strength in the labor market.
