Gold hardly changed this morning and looked set to trade in a tight rage ahead US payrolls data, which could determine the direction of the US dollar against the euro. Spot gold was at $1,132.30 an ounce, up 0.40 cents.
On Thursday, gold extended losses as investors booked profit from this week's rally to a 6-½ week high. Gold had gained as much as $30 an ounce this week before Thursday's decline, as uncertainty about the ability to repay its crippling debt increased the metal's appeal as a hedge against currency volatility. US gold futures for April delivery edged up to $1,133.30 an ounce.
The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings stood at 1,115.51 tonnes as of March 4, unchanged from the previous business day.
Source BloombergUTV
Label Gold Price,Commodity Price
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