31
August
Gold firms slightly; eyes US data for impetus (GC in Reuters)
31 August 2010 Reuters
Gold firmed in a tight range on Monday, starting its fifth straight week in positive territory, with dealers looking to key U.S. jobs reports for clarity on its economic health. Spot gold was quoted at $1,236.95 by 1148 GMT versus $1,235.70 late in New York on Friday. Trade was fairly muted in Europe, with UK markets closed for a public holiday. U.S. gold futures for December delivery GCZ0 rose 90 cents to $1,238.80 an ounce. Bullion dealers said the extent of the world's biggest economy's ability to generate jobs will be a key driver for prices, culminating in Friday's employment figures, and provide direction for gold.
http://af.reuters.com/article/commoditiesNews/idAFLDE67T0MQ20100830
