Gold Hovers Near 2012 High on US Payroll Data Expectation

Reuters reported that gold consolidated its gains on Tuesday, climbing to a 2012 high. Contributing to the yellow metal’s rally is the anticipated US non-farm payroll numbers expected later this week.

As quoted in the market news:

Spot gold was up 0.2 percent at $1,777.97 an ounce by 12:54 p.m. EDT (1654 GMT). Monday’s session high was $1,791.20, its highest since mid-November last year.

Click here to view the full Reuters report.