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Published on Aug 4, 2016
KITCO
NEWS - Gold prices ended the U.S. day session modestly higher Thursday,
boosted by the announcement from the Bank of England that it is easing
its monetary policy for the first time since 2009. Traders and investors
are now awaiting Friday morning's July U.S. employment report from the
Labor Department. The key non-farm payrolls number is expected to show
180,000 jobs were created last month, explains Gary Wagner of the
popular website, thegoldforecast.com. He noted that tomorrow's number
will be key for the metal. Wagner is sticking to his previous gold call
of $1,450 an ounce. Gold rose even as the dollar climbed, which tends to
be negative for commodities priced in the currency. A stronger dollar
tends to diminish the appeal of assets priced in dollar terms. December
Comex gold futures were last up $2.50 at $1,367.20 an ounce.
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