MUMBAI, Feb 05 Gold Trading prices after making an intermediate high at USD 1763 and corrected to close the day at USD 1725 on Friday as US economy added more jobs in January than forecast. Selling pressure gathered momentum after gold in New York slumped the most in five weeks as the US economy added more jobs in January [...]
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Gold and silver continued their upward trend of recent weeks as they have slightly advanced again during yesterday’s trading. This rally might change direction, depending on the upcoming results of the U.S. payroll report, which will be published today; the current expectations are it will show growth in non-farm employment of 170-250 thousand
Crude oil, copper and precious metals prices are likely to rise if a slowdown in US job creation stokes expectations of the near-term arrival of new Fed stimulus.
Where are the Euro and crude oil headed in the first half of 2012? DailyFX releases forecasts.
Gold and silver were traded up on the first day of the month, even though other commodities were traded down.
Crude oil and metals prices are focused on testimony from Ben Bernanke, with gains hinting on the Chairman’s ability to stoke QE3 expectations.
Gold and silver ended January with very moderate changes as silver slightly declined and gold rose.
Gold, silver and copper prices are looking to the ISM gauge of US manufacturing activity for direction. Crude oil has decoupled amid uncertainty about Iran.
The short-term correlations between the Australian Dollar/US Dollar exchange rate against gold and silver prices trade near record strength. Long positions in the Australian Dollar against the US Dollar (ticker: USDOLLAR ) likewise offer the advantage of interest rate payments.
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