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The price of gold rose to one-week high after the release of the employment report from ADP. As shown by recent data that were presented Automatic Data Processing (ADP), in January, private sector employment increased markedly , although not enough to confirm the evaluation of many economists.
According to a report last month, the number of employed increased by 175,000 people, compared with a revised downward indicator for the previous month at 227 million ( initially reported growth of 238 thousand jobs ) . Add that, according to the average forecast of this indicator would grow by 191 thousand
Analysts predict a rise in gold prices in the near future due to investors' concerns over global economic growth and the withdrawal of capital from emerging markets after the Fed reduce incentives .
After a 28 percent drop in 2013, with the beginning of the year gold has risen in price by 4 percent due to power low-risk assets . Pointing to increased investor interest in precious metals , stocks the world's largest gold exchange-traded fund secured SPDR Gold Trust on Tuesday rose by 3.89 tonnes to 797.05 tonnes.
Demand in the physical market at the same time reduced due to celebrate the New Year by the lunar calendar in China, the rise in gold prices and the weakening of national currencies in other Asian countries .
The cost of the April gold futures on the COMEX today rose to $ 1274.50 per ounce
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