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Gold Drops Over $20 Ahead of U.S. Non-Farm Report
Sep. 04, 2013 11:27AM PST
Precious Metals Investing
Gold prices fell nearly $25, close to 2 percent, to $1,386.20 an ounce Sept. 4. The precious metal eased a bit later in the session, rising slightly to $1,390.06 an ounce, Reuters reported.
Gold prices fell nearly $25, close to 2 percent, to $1,386.20 an ounce Sept. 4. The precious metal eased a bit later in the session, rising slightly to $1,390.06 an ounce, Reuters reported.
Investors were cashing in before the U.S. released a crucial non-farm report today that was expected to shed light on the future of the Federal Reserve’s stimulus program, the source said.
Gold futures were also down today, dropping $23.40 to $1,388.80 an ounce.
News regarding military action in Syria also impacted gold futures, MarketWatch reported.
