Updated from 1:19 p.m. EST
Gold prices were modestly lower Thursday as traders took a breather ahead of the government's monthly employment report, one of the key pieces of data on the state of the U.S. economy.
February-dated contracts closed down $3.60 at $626.20 an ounce on the Comex division of the Nymex. The bullion exchanged-traded funds were lower, with streetTracks Gold Shares (GLD Quote) and iShares Comex Gold Trust(IAU Quote) both down a bit less than 1%.
The dollar, which tends to move in the opposite direction to gold, was rallying against the euro as yet more pieces of economic evidence point to a soft landing scenario for the economy. Still, experts are divided, and some believe the domestic economy is slowing down more rapidly. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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Data delayed 20 minutes |
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