Gold Gains Ahead of U.S. Jobs Data as Dollar Slips
Thursday, 4 July 2019 09:22 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold advanced ahead of U.S. jobs numbers due Friday that could give further clarity on the Federal Reserve™s interest rate path, while the dollar slipped amid President Donald Trump's comments on Chinese and European currency manipulation.

Bullion, which is holding near a six-year high, may be buoyed by a series of appointments to the Fed and European Central Bank that traders view as likely advocates of further stimulus. U.S. equities closed at a record on Wednesday, while markets are shut Thursday for the Independence Day holiday.

Spot gold +0.2% to $1,421.55/oz at 9:52am in Singapore. Prices touched $1,439.21 on June 25, highest since 2013.

Source : Bloomberg

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