Today, Gold was trading near its lowest in 2 weeks after a 4-day losing streak, as strong US private-sector jobs data bolstered views the Federal Reserve will increase rates this year.Read More Bullion TipsIn absence of top consumer China, which broke for a 1-week holiday from today, is likely to continue gold prices in a tight range at the time of Asian hours. Traders were also waiting for US(United States) nonfarm payrolls data due on Friday before placing big bets.
Spot gold was little changed at $1,114.90 an ounce by 0315 GMT, not far from a two-week low of $1,111.60 strike in the preceding session. The metal has lost 3.4 per-cent in the last four sessions.
US private employers added a stronger-than-expected 200,000 jobs in September, payrolls processor ADP said on Wednesday. Though other data showed factory activity in the US Midwest contracted, investors cheered the jobs data, sending the dollar up on hopes of a rate hike this year.
US private employers added a stronger-than-expected 200,000 jobs in September, payrolls processor ADP said on Wednesday. Though other data showed factory activity in the US Midwest contracted, investors cheered the jobs data, sending the dollar up on hopes of a rate hike this year.
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