Gold declines ahead of US jobs report

Source: WBP Online
Gold futures lost 0.44% on Thursday, as investors bet on a strong US non-farm payrolls figure. Gold traded at $1,162 an ounce by 10:45 AM GMT on forecasts that jobless rate slipped to 5.4% from 5.5% and 233,000 jobs were added in June. These jobs figures will have a substantial effect on the strength of the US Dollar and therefore on commodity prices, such as gold and oil. 
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Thu, 02 Jul 2015 12:19:04 GMT

US payroll data estimated solid in June keeping rate hike in September in play

The US hiring slowed down a bit in June following a five-month high, nevertheless, it is still considered healthy enough to support the Fed interest rate hike in September. Economists expect the US economy to have added 232,000 jobs last month after May's unexpected 280,000 surge.

Thu, 02 Jul 2015 11:28:04 GMT

Oil prices rise slightly after sharp decline on Wednesday

Oil prices rose marginally after New York traded Brent futures declined 4.2% on Wednesday, as US crude inventories increased by 1.9 million barrels last week. London-traded Brent futures traded 0.4% higher to $62.74 a barrel, while the NYMEX crude oil futures gained 0.2% to $57.05 a barrel by 10:30 AM GMT. It was the first time since April that the

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