Gold prices held steady to higher in early Asia on Friday as investors
awaited U.S. non-farm payroll data and the latest twist in Greece's
efforts to renegotiate with creditors.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery inched up 0.06% to trade at $1,266.50 a troy ounce during U.S. morning hours.
Also on the Comex, silver futures for March delivery rose 0.09% at $17.285 a troy ounce.
Elsewhere in metals trading, copper for March delivery fell 0.07% to trade at $2.596 a pound.
Market sentiment remained subdued despite a surprise move by China's central bank to cut bank reserve requirements on Wednesday, in a bid to boost lending and spur growth.
Overnight, gold held on to small losses on Thursday, as investors digested a mixed bag of U.S. economic data while monitoring developments surrounding Greece's debt.
The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 31 increased by 11,000 to 278,000 from the previous week’s revised total of 267,000.
Analysts had expected initial jobless claims to rise by 23,000 to 290,000 last week.
Read more Click here / www.trade4x.net
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery inched up 0.06% to trade at $1,266.50 a troy ounce during U.S. morning hours.
Also on the Comex, silver futures for March delivery rose 0.09% at $17.285 a troy ounce.
Elsewhere in metals trading, copper for March delivery fell 0.07% to trade at $2.596 a pound.
Market sentiment remained subdued despite a surprise move by China's central bank to cut bank reserve requirements on Wednesday, in a bid to boost lending and spur growth.
Overnight, gold held on to small losses on Thursday, as investors digested a mixed bag of U.S. economic data while monitoring developments surrounding Greece's debt.
The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 31 increased by 11,000 to 278,000 from the previous week’s revised total of 267,000.
Analysts had expected initial jobless claims to rise by 23,000 to 290,000 last week.
Read more Click here / www.trade4x.net
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