Gold climbs for second straight day, dollar flat

2018-12-07 08:17:16 GMT (Economies.com)
Gold climbs for second straight day, dollar flat

Gold futures tilted higher in Asian trade as the dollar index traded mostly flat for the day, ahead of highly-anticipated US payrolls data later today. 

 

As of 05:25 GMT, gold futures due in February rose 0.12% to $1,245.10 an ounce, while the dollar index barely inched up 0.02% to 96.83. 

 

Now markets await the crucial US payrolls report, with the unemployment rate expected at 3.7% with no change, while average earnings are estimated with a 0.3% increase, up from 0.2% in October. 

 

The economy is expected to have created 198 thousand new jobs last month, slowing down sharply from 250K, while wholesale inventories are estimated with a 0.7% increase, same as October. 

 

The UoM consumer sentiment survey is estimated with a small dip to 97.0 this month from 97.5 in November. 

 
 
 
  Symbol Last Change Chg.%
1.1307
-0.0090
0.7936%
1.2571
-0.0132
1.0364%
14.607
-0.013
0.089%
51.276
-0.970
1.856%
60.18
-1.28
2.08%
1240.220
-7.820
0.627%
 
 
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