Traders Awaiting U.S. Jobs Report For Direction

February 8, 2016

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(Kitco News) – Gold Prices are slightly higher and hit another 3.5-month high overnight as the bulls continue to gain momentum. World stock markets did not stray too far from steady levels overnight, as the marketplace is awaiting Friday morning’s U.S. employment report for January-arguably the most important U.S. data point of the month. The key non-farms payroll number is expected to be up 185,000 following a strong rise of 292,000 in December.

By Jim Wyckoff, contributing to Kitco News;
Follow Jim Wyckoff @jimwyckoff

Category: Gold