Gold headed for a weekly drop as investors await U.S. payrolls figures after
economic data boosted speculation the Federal Reserve may start trimming its
monetary stimulus sooner than estimated.
Bullion for immediate delivery traded at $1,228.88 an ounce at 9:02 a.m. in Singapore from $1,225.17 yesterday. Prices are set to drop 2 percent this week after tumbling to $1,211.75 on Dec. 4, the lowest since July 5. Gold for February delivery lost 0.3 percent to $1,228 on the Comex.
Silver for immediate delivery was little changed at $19.4002 an ounce, down 3 percent this week. Prices dropped to $18.9003 on Dec. 4, the lowest since July 8. Palladium was little changed at $734.55 an ounce, set for a second weekly advance. Platinum traded little changed at $1,362.70 an ounce.
Bullion for immediate delivery traded at $1,228.88 an ounce at 9:02 a.m. in Singapore from $1,225.17 yesterday. Prices are set to drop 2 percent this week after tumbling to $1,211.75 on Dec. 4, the lowest since July 5. Gold for February delivery lost 0.3 percent to $1,228 on the Comex.
Silver for immediate delivery was little changed at $19.4002 an ounce, down 3 percent this week. Prices dropped to $18.9003 on Dec. 4, the lowest since July 8. Palladium was little changed at $734.55 an ounce, set for a second weekly advance. Platinum traded little changed at $1,362.70 an ounce.
