Gold Stuck Near 9-Month Lows Ahead Of Jobs Data

Washington (Oct 2)  Gold prices are lower Thursday morning, ahead of US jobless claims data. That's despite a weaker US dollar as traders gear up for two days of news about the nation's jobs market.  The US Labor Department  will release its jobless claims report for the week ended  September 27  at  8:30 am ET  .

More importantly, the official jobs report for September is due out Friday.

Gold futures for December are down  USD4.50  or 0.37% at  USD1,211.00  an ounce.

Silver for December is down  USD0.216  or 1.25% at  USD17.043  an ounce. Meanwhile, copper is down  USD0.021  or 0.70% at  USD3.015  per pound.

The  European Central Bank  this morning made no changes to interest rates, as expected, at its monthly policy meeting. ECB President  Mario Draghi  may hint that further stimulus is imminent at his  8:30 am ET  press conference.

Here in the U.S,  New York Federal Reserve Bank  President  William Dudley  is due to speak in  New York  at  12 pm ET  .

 Atlanta Federal Reserve Bank  President  Dennis Lockhart  will make opening remarks at the human capital conference in  Atlanta  at  1 pm ET  , and  St Louis Federal Reserve Bank  President  James Bullard  will take part in a conversation on the economy and monetary policy in  Tupelo, Mississippi  at  8 pm ET  .

Source: RTTnews