Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

MTECHTIPS:-Gold continues overnight gains into Asia, Greece talks eyed

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

MTECHTIPS:-Gold continues overnight gains into Asia, Greece talks eyed


Gold prices continued overnight gains into Asia on Thursday as investors eye renewed worries over Greece’s debt woes and ahead of Chinese New Year demand that may be stoked in part by easier monetary policy. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.09% to $1,270.30. Also on the Comex, silver futures for March delivery gained 0.24% to trade at $17.392 a troy ounce. Silver rose 7.0 cents, or 0.41%, to end at $17.32 on Tuesday. Elsewhere in metals trading, copper for March delivery eased 0.01% to trade at $2.590 a pound. Overnight, gold hit the highest levels of the session on Wednesday, after data showed that U.S. non-farm private employment rose less-than-expected in January and after China’s central bank cut banks’ reserve requirement ratios in a surprise decision.  Payroll processing firm ADP said non-farm private employment rose by 213,000 in January, below expectations for an increase of 225,000 and slowing from jobs gains of 253,000 in December. While not viewed as a reliable guide for the government jobs report due on Friday, February 6, it does give guidance on private-sector hiring. Market analysts expect the data to show that the U.S. economy added 234,000 jobs in January, slowing from a gain of 252,000 in December, while the unemployment rate was forecast to hold steady at 5.6%. 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.




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.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.