Gold Price Pushes Above Unchanged, at Session High, on Short Covering, Weaker U.S. ISM Data

New York (Oct 1)  Gold prices are trading modestly higher and near their daily highs in late-morning dealings Thursday. A slight miss to the downside on the latest U.S. ISM manufacturing report helped to lift the gold market up. However, much of the buying interest in gold Thursday is short covering and position evening ahead of Friday's key U.S. jobs report. Other U.S. economic data released Thursday was upbeat, which helped to mitigate the downbeat ISM report. December gold was last up $2.10 an ounce at $1,117.30.

Source: KitocNews