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.
Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as investors sought refuge amid escalating tensions between the United States and the Democratic People's Republi
Gold recovered from a four-week low on Friday as investors sought a safe haven from geopolitical uncertainty caused by rising tensions between North Korea and the United States.
Bullion is o
Gold fell to its lowest in more than a week on Tuesday as easing concerns over North Korea’s nuclear ambitions and the impact of Hurricane Irma tempered demand for the metal as a haven from risk whil
Hedge funds ignored the warnings about the red-hot copper market, and it may have cost them. After amassing their largest holdings ever, money managers saw the value of the metal plunge last week, h
Gold fell early on Monday after hitting its highest in over a year in the previous session, as the dollar recovered from last week’s lows and as lack of geopolitical developments dented safe-haven ap