Gold ends higher after lower-than-expected data
Gold futures rose on Wednesday, while the US dollar held against most of its peers after the release of lower-than-expected economic data in the US.
ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.
The data comes two days ahead of the US Labor Department's monthly jobs report for April.
The ISM US services PMI fell to 62.7 points in April from 63.7 points in March, worse than forecasts of 64.2 points.
The dollar index held against a basket of currencies at 91.3 points as of 19:35 GMT, after it hit a high of 91.4 points and a low of 91.1 points.
Gold June futures rose 0.5% or $8.30, and closed at $1,784.3 an ounce.
Silver closes slightly higher after yesterday's loss
Silver prices rose on Wednesday, after yesterday's loss of 1.5%, while the US dollar held against most of its peers after the release of positive economic data.
ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.
The data comes two days ahead of the US Labor Department's monthly jobs report for April.
The ISM US services PMI fell to 62.7 points in April from 63.7 points in March, worse than forecasts of 64.2 points.
The dollar index held against a basket of currencies at 91.3 points as of 20:19 GMT, after it hit a high of 91.4 points and a low of 91.1 points.
Silver July futures rose 0.1% or 4 cents, and closed at $26.52 an ounce.
New Zealand dollar rises on strong jobs data
The New Zealand dollar rose against most of its peers on Wednesday, lifted by strong jobs data.
The New Zealand Department of Labour revealed that the employment change index rose by 0.6% in April, beating forecasts of 0.3%.
The unemployment rate fell to 4.7% in April, beating forecasts to hold at 4.9% unchanged.
While ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.
New Zealand is one of the few countries that have been successful in containing the coronavirus outbreak, with zero new cases or deaths reported during the recent period.
As of 16:17 GMT, NZD/USD rose 0.9% to 0.7211, after hitting a high of 0.7219 and a low of 0.7143.
US service sector slows in April
Data showed on Wednesday that the US service sector's growth slowed down in the past month.
The Institute for Supply Management showed that the US services PMI fell to 62.7 points in April from 63.7 points in March, lower than forecasts of 64.2 points.