Gold After NFP Data

Gold After NFP Data

Gold flat after a slight retreat early this morning but still near peak levels 13 monthsthat were formed in the past few trading sessions earlier in connection with defensifnya dollars. In addition, technical buying in the trading session yesterday gave his best in two days bouillon weekend.

Gold

Investors are focusing on their data reports u.s. Non Farm Payroll will be announcedlater this evening. When NFP u.s. for February proved to be strengthened, then it could be gold should hit down after collecting the increase to 19 percent this year.

The spot price of gold dropped 0.13 percent at $1, 259.50 per ounce at the morningrally after last about 2 percent on Thursday, the price of gold touched yesterday as$1, 267.06, level terkuatnya on 6 February 2015. The price of gold gained 3 per centgain over the week. On the other hand, the price of gold futures on the Comex for delivery in April rose 0.2 percent toward $1 figures, 260.50 per ounce.

Beware, The Strong NFP Can Be At The Golden Retreat

A pullback in the gold price to levels that were already previously thought technicalbuying after the night earlier, said Daniel Ang, investment analyst at Phillip FuturesSingapore. However, the loss which occurred more in potentially more if the number of U.S. proven strong NFP.

US NFP being estimated will rise up to 190.000 in February after rising up to 151.000 in January. NFP figures that exceeded 200.000 numbers can be dragged gold down to $ 1.240, Ang said.

US NFP announcement predicted many will have no effect on the monetary policy of The Fed, said Mizuho Bank compiled by Reuters. What's more, the President of The Fed for region Dallas, Robert Kaplan, said that the central bank should be patient inapplying a rise in U.S. interest rates because of its impact to dinansial conditions in the growth of the u.s. economy.