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(3 min)
The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1357 ET – Gold futures snap a three-session losing streak as Treasury yields ease. The market is closely watching for Friday’s employment report, where a strong jobs showing could add to Fed rate-hike expectations. ADP reported a smaller-than-expected 38,000 increase in private-sector jobs in August. “Softer data can ease the downside risk, while stronger figures or more hawkish Fed comments may trigger additional weakness,” Konstantinos Chrysikos of Kudo.com says in a note. Front month gold rises 0.4% to $4,366.30 a troy ounce. Silver edges up 0.2% to $64.723 a troy ounce. (anthony.harrupwsj.com)
#Gold #Jobs #listen #talks
(3 min)
The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1357 ET – Gold futures snap a three-session losing streak as Treasury yields ease. The market is closely watching for Friday’s employment report, where a strong jobs showing could add to Fed rate-hike expectations. ADP reported a smaller-than-expected 38,000 increase in private-sector jobs in August. “Softer data can ease the downside risk, while stronger figures or more hawkish Fed comments may trigger additional weakness,” Konstantinos Chrysikos of Kudo.com says in a note. Front month gold rises 0.4% to $4,366.30 a troy ounce. Silver edges up 0.2% to $64.723 a troy ounce. (anthony.harrupwsj.com)
#Gold #Jobs #listen #talks
2 months ago
