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