In a shortened week, gold stayed relatively stable as markets appear to be waiting for Friday's non-farm payroll figure release. The rising dollar helped keep the price of gold trading in and around the $1,100 level.
Gold & Silver
- Fed member Charles Evans painted a dour assessment of the US economy, with him predicting unemployment only falling to 9.25%
- The Euro remains in focus as analysts look at the take up for the Greek 7 year bond, and compare interest to that of the previous 10 year note
- The Australian Dollar fell back following the release of disappointing retail sales data and poor building approvals
Major Economic News