Gold advances to near five-month high as dollar slips

2018-12-06 08:20:28 GMT (Economies.com)
Gold advances to near five-month high as dollar slips

Gold futures tilted higher in Asian trade as the dollar index gave up ground, ahead of US labor and services data later today. 

 

As of 04:59 GMT, gold futures due in February rose 0.24% to $1,245.60 an ounce, while the dollar index shed 0.07% to 97.00. 

 

Investors now await US data on private sector employment, expected with an addition of 195 thousand last month, down from 227 thousand in October. 

 

The productivity gauge is estimated with a 2.3% increase, up from 0.9% in the second quarter, while labor costs are estimated with a 1.1% increase, compared to a 1.0% drop before.  

 

US unemployment claims are expected to have slipped to 226 thousand, while continuing claims are expected with a 15K drop to 1.695 million. 

 

The ISM services PMI is expected to have slipped to 59.1 in November from 60.3, while factory orders are estimated with a 1.9% decline, compared to a 0.7% increase in September. 

 
 
 
  Symbol Last Change Chg.%
1.1301
-0.0096
0.8406%
1.2573
-0.0130
1.0253%
14.620
-0.001
0.003%
51.143
-1.102
2.109%
60.16
-1.26
2.05%
1239.940
-8.100
0.649%
 
 
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