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Precious metals eases before U.S. payrolls data, ETF holdings drop
Apr. 01, 2011 06:53AM PST
Precious MetalsReuters reports that gold dropped on Friday before the release of U.S. non-farm payrolls which could underpin the dollar and weigh on bullion.
Reuters reports that gold dropped on Friday before the release of U.S. non-farm payrolls which could underpin the dollar and weigh on bullion.
The market news is quoted as saying,
“I am still positive about gold, but I think it will take time to consolidate. But there’s not much going on, especially on the physical side and we are also waiting for the non-farm figure tonight,” said Dick Poon, manager of precious metals at Heraeus in Hong Kong.