Gold Steady Ahead Of U.S. Jobs Report


08/02/2014 08:48 AST

Gold futures were little changed Friday morning ahead of a crucial U.S. jobs report that will shed light on the health of the world's largest economy.

A solid jobs report despite brutal winter weather across much of the nation could mean the Federal Reserve will carry on tapering its massive bond buying plan.

U.S. April gold was up $5 at $1,262 an ounce, holding on to modest weekly gains.

The U.S. Labor Department is scheduled to release its non-farm payrolls report for January at 8:30 am ET. Economists estimate the economy to have added 181,000 jobs in the month, while the jobless rate is estimated to have remained unchanged at 6.7 percent.

The Federal Reserve is due to release its report on outstanding consumer credit at 3 pm ET. The consensus estimates call for a $12 billion increase in outstanding consumer credit in December compared to a $12.3 billion increase in the previous month.

RTT News
Precious Metals News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 127 470,450
ETISALAT 17.15 1,265,926
GFH 0.6
EMIRATESNBD 8 953,900
DAMAC 3.04 4,480,836
DANA 0.67 63,659,571
SABIC 102.33 6,566,984
Recent News

Maaden announces new Vice Chairman
The Saudi Arabian Mining Company (Maaden) announces the Board of Directors decision on June 21, 2017 of appointing H.E. Sulaiman Bin Abdulrahman Al-Gwaiz (non-executive member) as the Vice Chairman f

QNB sees minimal impact from standoff
Qatar National Bank said it expects to meet its earnings targets as the ongoing Saudi-led campaign to ‘isolate’ the country has minimal impact on its operations.

The Middle East’s largest le

Egypt seeks FDI boost as its economy struggles
Egypt’s investment ministry has finalised a much-anticipated set of regulations outlining incentives that it hopes will lure back badly needed foreign investors, Investment Minister Sahar Nasr told R

Qatar bourse says Gulf institutions dumped Qatari shares
The Qatar Stock Exchange on Wednesday said it believed some institutional investors from Saudi Arabia, the UAE and Bahrain dumped shares to drive down the Qatari stock market in the wake of the diplo

UAE banks clear $175bn cheques in 5 months
A total of 12.922 million cheques worth Dh643.7 billion ($175 billion) were handled by the UAE Clearing Cheque System during the first five months of 2017, according to the UAE Central Bank data.

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?