Gold held small gains in Asia on Friday as investors continue to show some caution that the Fed could hold off on a widely-expected rate hike at the end of the year as data on durable goods disappointed.
Gold for December delivery on the Comex division of the New York Mercantile Exchange edged up 0.06% to $1,270.20 a troy ounce. Also on the Comex, for December delivery dipped 0.03% to $17.633 a troy ounce. futures dropped 0.18% to $2.160 a pound.
Overnight, gold prices extended overnight gains during North America’s session on Thursday, after data showed that orders for U.S. manufactured capital goods unexpectedly fell in September.
Total durable goods orders, which include transportation items, dropped 0.1% last month, the Commerce Department said, compared to economists’ expectations for a gain of 0.1%.
Core durable goods orders, which exclude volatile transportation items, rose 0.2% last month, in line with forecasts.
Durable goods excluding defense and aircrafts slumped 1.2% in September, compared to expectations for a 0.3% gain.
A separate report released at the same time showed that the number of people who filed for unemployment assistance in the U.S. last week fell less than expected, but remained in territory associated with a healthy labor market.
The number of individuals filing for initial jobless benefits decreased by 3,000 last week to 258,000, the Department of Labor said. Analysts expected jobless claims to fall by 6,000 to 255,000 from the previous week’s total of 261,000.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
BOOK PARTIAL PROFIT IN GATI AT CMP 144.50
ReplyDeleteStock Future Tips|stock cash tips
Price of gold are updated almost daily and there are several reasons because of which we can see fluctuations in its price. Traders can know about gold prices updates from post like these as well.
ReplyDeleteepic research