Originally Posted by
verbum4it
Gold for immediate delivery traded up as much as 0.6 percent on the $ 1,147.10 an ounce after trading 29 cents lower at low levels four years. The precious metal positions $ 1,144.78 at 2:20 pm in Singapore, according to Bloomberg data. Gold fell to $ 1,137.94, a low level since April 2010 on Wednesday.
While on the Comex, gold futures for December delivery traded fell 0.2 percent to $ 1.144 per ounce posis set it the most active price retreated to $ 1,137.10 yesterday, the lowest level since April 2010. Acquisition by nearly $ 1.9 billion yesterday due to the falling price of gold.
Last night, the US economic data fielded by the increase in the gold price up to 230.000 ADP despite decreased ISM Non Mnaufaktur. US NFP report released tomorrow night with the expectation that the United States will add 235,000 jobs in October. The unemployment rate was at the level of the six-year low at 5.9 percent. The report is expected to re-suppress the price of gold.