2
September
Gold inches up as economic outlook remains murky
2 September 2010 Reuters
Gold prices were slightly firmer on Thursday, and could stay on the rise as global economic prospects remain shaky with investors watching for more jobs data out of the United States.
The better-than-expected manufacturing data from the U.S. on top of strong data out of China on Wednesday lifted equities and commodities, but initial jobless claims due on Thursday and payroll data on Friday are likely to show a still grim job market in the U.S. and spur safe-haven demand in gold.
