Gold prices rose on Friday, easing off two-week lows hit after upbeat U.S. jobless claims data and the Federal Reserve's most recent policy statement, while investors eyed the release of additional U.S. economic reports due later in the day.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were up 0.46% to $1,262.10.
The April contract ended Thursday's session 2.43% lower at $1,255.90 an ounce.
Gold futures dropped after the U.S. Department of Labor reported on Thursday that the number of individuals filing for initial jobless benefits decreased by 43,000 to 265,000 last week. Analysts had expected initial jobless claims to decline by 8,000 to 300,000 last week.
The upbeat data added to optimism over the strength of the economy and fuelled expectations that the Federal Reserve will begin to raise rates sooner than previously thought.
Read more Click here / www.trade4x.net
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were up 0.46% to $1,262.10.
The April contract ended Thursday's session 2.43% lower at $1,255.90 an ounce.
Gold futures dropped after the U.S. Department of Labor reported on Thursday that the number of individuals filing for initial jobless benefits decreased by 43,000 to 265,000 last week. Analysts had expected initial jobless claims to decline by 8,000 to 300,000 last week.
The upbeat data added to optimism over the strength of the economy and fuelled expectations that the Federal Reserve will begin to raise rates sooner than previously thought.
Read more Click here / www.trade4x.net
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