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- Gold trades mixed as market participants are cautious ahead the release of the U.S. labour market data on Friday
Gold trades mixed as market participants are cautious ahead the release of the U.S. labour market data on Friday
Gold traded mixed as market participants are cautious ahead the release of the U.S. labour market data on Friday. The better-than-expected U.S. labour market data will add to speculation that the Fed will start raising its interest rate this month.
Today's U.S. economic data supported gold price. The Institute for Supply Management released its manufacturing purchasing managers' index for the U.S. on Tuesday. The index declined to 48.6 in November from 50.1 in October, missing expectations for a rise to 50.4. It was the lowest level since November of 2012.
December futures for gold on the COMEX currently traded at 1065.20 dollars per ounce.
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