4
January
Gold inches above $1,100, eyes US data
4 January 2010 Reuters
Gold prices inched up above $1,100 an ounce on Monday, in cautious trade ahead of U.S. December employment data due later this week that could add to optimism about the economy.
A strong reading would likely add to the view that economic growth will be robust this year. That could stir talk that the Federal Reserve might raise interest rates sooner than expected, which would likely strengthen the dollar but pressure gold.
