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Monday, April 3, 2017

Gold Crawls Higher After ISM

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Gold futures barely moved Monday, as traders looked ahead to Friday's big jobs report. The March jobs report may determine when the Federal Reserve next raises interest rates.

June gold gained $2.80, or 0.2%, to finish at $1,254/oz.

There was little reaction to today's economic data, but news of a terrorist attack in Russia lifted gold's safe haven appeal.

Activity in the U.S. manufacturing sector continued to expand in the month of March, according to a report released by the Institute for Supply Management, although the pace of growth slowed compared to the previous month.

The ISM said its purchasing managers index dipped to 57.2 in March from 57.7 in February.


The material has been provided by InstaForex Company - www.instaforex.com

April 03, 2017 at 11:55PM

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