Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By MTECHTIPS
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

MTECHTIPS-Gold little changed as investors look ahead to ECB, U.S. jobs data

Wednesday, March 4, 2015 2:58

% of readers think this story is Fact. Add your two cents.

MTECHTIPS-Gold little changed as investors look ahead to ECB, U.S. jobs data

Gold was little changed in subdued trade on Tuesday, as market players looked ahead to the upcoming European Central Bank meeting as well as key U.S. employment data later in the week. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery ticked down $1.00, or 0.08%, to trade at $1,207.20 a troy ounce during U.S. morning hours. Futures were likely to find support at $1,190.00, the low from February 24, and resistance at $1,223.00, the high from March 2. Investors turned their attention to the upcoming European Central Bank meeting on Thursday, when it was expected to announce details of its quantitative easing program. Traders also looked ahead to the release of the latest U.S. nonfarm payrolls report on Friday, for further indications on the strength of the recovery in the labor market. Market analysts expect the data to show that the U.S. economy added 240,000 jobs in February, slowing from a gain of 257,000 in January, while the unemployment rate was forecast to decline to 5.6% from 5.7%. A strong U.S. nonfarm payrolls report was likely to add to speculation over when the Federal Reserve will begin to raise interest rates, while a weak number could boost gold by undermining the argument for an early rate hike. Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise. The U.S. dollar index, which measures the greenback’s strength against a trade-weightedbasket of six major currencies, was down 0.1% to 95.42 early on Tuesday, after hitting a one-month high of 95.55 on Monday. On Monday, gold hit $1,223.00, the most since February 17, before ending at $1,208.20, down $4.90, or 0.4%, as upbeat U.S. economic reports boosted the dollar and sparked expectations for a rate hike in the near future. Meanwhile, silver futures for May delivery dipped 5.6 cents, or 0.34%, to trade at $16.39 a troy ounce. On Monday, silver slumped 10.7 cents, or 0.65%, to close at $16.45. Elsewhere on the Comex, copper for May delivery tumbled 4.5 cents, or 1.66%, to trade at $2.652 a pound as investor excitement over a weekend interest rate cut in China waned. Prices touched a seven-week high of $2.716 on Monday after the People’s Bank of China cut its benchmark interest rate by a quarter percentage point in an effort to boost growth and stave off deflation in the world’s second largest economy.

WWW.MTECHTIPS.COM

07489294118-119

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

LION'S MANE PRODUCT

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Visits:	1,708,204,316
Stories:	8,449,737