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Gold prices fell after data showed that employment in the private non-farm payrolls rose US in December more than expected.
ADP data released today showed that the level of employment in the US private sector grew last month at 241 thousand., Above is expected to increase by 227 thousand. The US economy created 227 thousand. Jobs in November, whose figure was revised upwards from 208 thousand .
Despite the fact that these data are not considered as reliable forecast on the performance of government employment report, scheduled for January 9, they do provide some insight on the future of statistics.
Later today, the Federal Reserve will publish its report next political meeting, which is expected, investors should clarify the future direction of monetary policy the US central bank.
In 2014, gold fell nearly 2% amid signs that the strengthening of the US economic recovery will force the Fed to start raising interest rates sooner and faster than expected.
Expectations of an increase of interest on loans have a negative impact on the dynamics of gold, as the precious metal are struggling to compete with earning assets during periods of high interest rates.
The cost of the February gold futures on the COMEX today fell to 1209.10 dollars per ounce.
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