Gold edges up as traders look to American nonfarm payrolls

Gold edges up as traders look to American nonfarm payrolls

On Friday, gold tacked on in Asia, with American nonfarm payrolls crucial for the number one precious metal and an outcome of 190,000 new jobs generated in December anticipated today.

February delivery gold futures inched up 0.12% in New York being worth $1,323.20 a troy ounce.

Overnight, gold moved off session minimums neglecting the prospect of further Fed rate lifts amid positive labor market data pointing to recovering strength in the American economy.

The recent soar in gold futures was pressured amid investor worries that ongoing positive American economic data could justify the case for the major US bank to lift interest rates more than previous priced in.

Private payrolls tacked on by 250,000 for December, an abrupt soar from the 185,000 private jobs generated in the previous month, as a report published on Wednesday by ADP and Moody's Analytics revealed. It confounded economists’ estimate of 191,000.



Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera