Analysis: Where is Gold Headed?
Posted: Sat Feb 06, 2016 1:28 pm
ISM reports that gold now holds steady near the 3-month high of the U.S. API
In Europe on Wednesday, gold futures held steady near the previous session’s high period of three months. This was despite investors expecting key data from the US later in the afternoon for them to gauge whether the world’s largest economy will have adequate strength to withstand additional rate hikes as the year progresses.
The report for January ADP jobs was to be released at 13:15 GMT or 8:15 AM ET, before the release of the service sector growth report for the same month at 15:00 GMT ... (read more)