Gold - Gold
futures ended higher in the domestic market on Wednesday after data
showed that US non-farm private employment rose less than estimated
in July, moistening optimism over the strength of the economy and
fanning hopes that the Federal Reserve could detain increase interest
rates till the end of 2015. Payroll processing firm ADP said earlier
that non-farm private employment rose by 185,000 last month, below
expectations for an increase of 215,000.ClickBullion tips
Market
players were also waiting for Friday's US nonfarm payrolls report.
The consensus forecast is that the report will show jobs growth of
223,000. Gold is likely to trade higher today with the focus ahead on
US jobs data at the end of the week. At the MCX, Gold futures for
August 2015 contract closed at Rs 24,705 per 10 gram, up by 0.12 per
cent after opening at Rs 24,535, against the previous closing price
of Rs 24,675. It touched the intra-day high of Rs 24,706.
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