Gold Prices Shrug Off Asian Selling as $ Drops, Stocks Surge by Commodities

as mentioned in GOLD PRICES popped back to $1315 per ounce Thursday lunchtime in London's wholesale market as fresh America jobs information saw the $ down & world stock markets height yet again. The Euro flirted by 3-year highs against the $ above $1.20, holding the gold value for Eurozone Businessmen at €1090 per ounce, some 0.6% below yesterday's 6-week high. But today's AM auction did find solid request from wholesale players around $1313 per ounce, only $1 below Wednesday morning's LBMA Gold Price. Japan's Nikkei stock index Meanwhile leapt 3.3% on its 1st trading day of 2018, reaching its top standard ever 1992. "Going forward," the note adds, "geopolitical unrest in Iran can still to provide some backing to gold prices in the near term."

Gold Prices Push Into leverage district next Disappointing Nonfarm Payrolls Data

Not just was the headline information disappointing, however revisions were internet negative. Gold prices were seeing some profit taking ahead of the report, after prices chock their top standard ever mid-September. Also helping gold prices Information Systems continued stagnant development in wages. A flatter yield curve increases worries which the unite states economy can fall into a recession, which Information Systems hurting the unite states dollar, backing gold prices. Royce Mendes, senior economist at CIBC World Markets, shrugged off the disappointing employment information telling which the numbers shouldn't alter expectations for continued economic growth.

Gold Prices Edge Up Amid Modest Selling Stress As ISM Non-Manufacturing PMI Disappoints

according to The Non-Manufacturing Purchasing Managers Index slipped to a reading of 55.9% in December, drop from November's reading of 57.4%. In an premier reaction to the latest ISM Non-Manufacturing index, gold prices remembered in the negative district after losing their short-lived morning gains prior to the releas. "Gold prices have faded another time as the unite states $ has regained the advances it briefly lost after the jobs report," told Kitco's senior technical analyst Jim Wyckoff. Looking at other components of the ISM Non-Manufacturing PMI, the business activity index dropped 4.1 percentage points to 57.3% from November's reading of 61.4%. "The unforeseen decline in the ISM non-manufacturing .

collected by :kiven Dixter