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Gold above USD1,200
Gold closed slightly lower yesterday after Wednesday's strong gains. Today all eyes are on U.S. data on Average Hourly Earnings, Nonfarm Payrolls and the Unemployment Rate. Yesterday the number of initial jobless claims in the week ending March 28 in the U.S. fell by 20,000 to 260,000 from 288,000 in the previous week, beating expectations for a decline by 3,000. The previous week's figures was revised down from 282,000.
Gold is closed at USD1,200.80, -0,03% a troy ounce. On Thursday the 22nd of January gold reached a five-month high at USD1,307.40. On Tuesday the 17th of march gold traded as low as USD1,142.50, a three-month low.
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