Gold futures on the COMEX division of the New York Mercantile Exchange ended up slightly on Wednesday (Thursday morning GMT ) , due to concerns over tensions between Ukraine and Russia continue to decrease and the traders assess U.S. economic data .
The most active gold contract for April delivery rose 2.4 dollars, or 0.18 percent , to settle at 1340.3 dollars per ounce , Xinhua reported .
On Tuesday ( 4/3 ) , gold prices lost nearly half of what they earn on Monday ( 3/3 ) due to reduced tensions over Ukraine weaken the appeal of the precious metal as a " safe-haven " .
On the economic front , data released Wednesday showed that U.S. non-farm private employment rose less than expected in February , triggering concerns over the U.S. labor market , which gives support to the gold market , according to market analysts .
Payroll processing firm Automatic Data Processing Inc. . said that the non - farm private employment rose by a seasonally adjusted 139,000 last month , below expectations for an increase of 155,000 . January figure was revised down to 127,000 rose from 175,000 previously reported rise , the report said .
Silver for May delivery rose 4.9 cents, or 0.23 per cent to close at 21.271 dollars per ounce .
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