{"id":45068,"date":"2013-12-06T08:23:38","date_gmt":"2013-12-06T13:23:38","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=45068"},"modified":"2013-12-06T08:23:38","modified_gmt":"2013-12-06T13:23:38","slug":"gold-prices-eased-ahead-of-us-jobs-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/06\/gold-prices-eased-ahead-of-us-jobs-data\/","title":{"rendered":"Gold Prices Eased Ahead of US Jobs Data"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

The prices for Gold eased during the Asian trading session on the last trading day this week as investors focus on the release of the US non-farm payrolls data report for the November. The report will give possible hints as to when the Federal Reserve could begin to scale-back on its stimulus program.<\/p>\n

The yellow metal contracts for January dropped 0.37% lower to $1,225.20 an ounce at the time of writing. Silver futures edged 0.61% lower to $19.460 an ounce.<\/p>\n

Holdings in the world\u2019s largest gold-backed exchange-traded fund, SPDR Gold Trust, came in at 838.71 tones on Wednesday.<\/span><\/p>\n

The US dollar index, which measures the strength of the US dollar against six major currencies, edged 0.18% higher at 80.376 points.<\/p>\n

Market participants are looking forward to the release of the non-farm payrolls data, which is forecasted to show an increase by 181,000 in November. The US Census Bureau of Labour Statistics will release the report by 1:30pm GMT.<\/p>\n

The Labour sector in the US is one of the key determinants for the US economy and also determines whether and when the Federal Reserve would begin to taper; a positive report from the Labour market would mean the US Central bank could start to taper in the next Fed Meeting scheduled on December 17-18.<\/p>\n

Gold \u00a0– US jobs data<\/span><\/h2>\n

The ADP employment report showed a 215,000 rise in November, advancing from the previously recorded 184,000 rise seen in October and above the forecasted 170,000 rise.<\/p>\n

The US Department of Labour is expected to post its initial jobless claims data by 1:30pm GMT, with forecast of an increase to 321,000 people, a slight rise from 316,000 registered in the week before.<\/p>\n

Gold – US GDP<\/span><\/h2>\n

The US economy grew by 3.6% in the third quarter, above 2.8% recorded in the previous month\u2019s estimates, according to the second estimates released by the Bureau of Economic Analysis.<\/p>\n

 <\/p>\n

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The post Gold Prices Eased Ahead of US Jobs Data<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog The prices for Gold eased during the Asian trading session on the last trading day this week as investors focus on the release of the US non-farm payrolls data report for the November. The report will give possible hints as to when the Federal Reserve could begin to scale-back on … <\/p>\n

Continue reading “Gold Prices Eased Ahead of US Jobs Data”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-45068","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=45068"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45068\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=45068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=45068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=45068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}