During last trading, Gold prices trended higher after US equity and the dollar pared quickly gains. Gold for Dec moth delivery on the Comex division of the New York Mercantile Exchange raised $4.50 to settle at $1,090.10. Trade ranged from $1,082.70 to $1,093.30.US jobless claims remained slightly bearish for the counter but as market is majorly tracking US nonfarm payrolls report due to release tonight.Click Here Bullion Tips
The US non-farm employment report for July is projected to show 224,000 added jobs. The data point is one of the last key labour indicators that the Federal Reserve can use to gauge the status of the US economy before deciding whether to raise rates or not in September.
Lower than expected data may lend support to the metals. Gold is estimated to trade in $1070-$1100 range with large volatile sessions ahead of uncertain US jobs report likely to deliver more clues for rate increase from Federal Reserve. Silver estimated to take support of 32800 levels, reports by Emkay.
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