Reuters reported that gold continued its decline on Friday, as investors await U.S. jobs data, which may give an indication about the timing of the U.S. quantitative easing.
As quoted in the market report:
We have a forecast for a strong non-farm number (180,000) and if we prove right on that there could be some further downside in store for gold, because that would suggest that although rates are set to stay at record lows in Europe, that may not be the case in the United States,” Danske Bank analyst Christin Tuxen said.
To view the whole Reuters report, click here.
