FXstreet. com (Barcelona) - Gold rally from Monday's low at $1,093 has extended as Dollar dipped after the release of ADP data, with XAU,/USD jumping from $1,122 past $1,130, reaching a fresh 3-week high at $1,132.50 so far.
U.S. ADP employment report has advanced a 84,000 decline in December's Non-Farm payrolls, which improves on the 145,000 decline seen in November -upwardly revised from the 169,000 decline previously estimated- but still shows signs that the U.S. economy has not yet reached the much awaited point of job growth.
The Dollar has weakened against its major rivals on the back of ADP figures, with USD/JPY reversal from 92.50 extending to 92.10. GBP/USD bounced from 1.5965 to 1.5990, and the EUR/USD jumped from 1.4240 to 1.4275, although Euro and Pound soon returned to their pre-ADP levels