Plus   Neg

Gold Barely Budges Ahead Of Jobs Report

Gold futures were flat Thursday morning as the European Central Bank left its key interest rate unchanged.

In a somewhat hawkish note, the ECB omitted a line that talked about increased quantitative easing if the the economic outlook worsens.

Meanwhile, traders await a crucial U.S. jobs report that may determine the course of monetary policy from the Federal Reserve.

Friday's jobs report for February may show wages are on the rise, cementing a March rate hike.

Yesterday, ADP said employment in the private sector jumped by 235,000 jobs in February after surging up by a revised 244,000 jobs in January.

Gold was down $2 at $1325 an ounce.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Follow RTT