Gold Edges Lower as Markets Await March Jobs Report

by Christopher Freeburn | April 4, 2013 5:01 pm

Gold Silver GLD IAU SLV[1]Gold dipped marginally in Thursday trading as investors contemplated a report showing higher-than-expected first time jobless benefit claims[2] in advance of tomorrow’s release of the U.S. Labor Department’s March jobs report. The metal pulled back from steeper losses earlier in the session, but ended down for the third consecutive day.

Gold futures for May delivery edged fractionally lower to $1,552 per ounce on Thursday, according to CME Group[3]. Gold traded as high as $1,559 and as low as $1,540.10. Gold bullion closed in London at $1,555, according to BullionVault[4].

Silver futures for May delivery fell 0.1% to $26.77 per ounce. Thursday’s high for silver was $27.02, while the low was $26.58.

Gold and silver funds sank in Thursday trading.

Gold and silver mining ETFs moved higher during the day.

Gold mining shares improved on Thursday.

Silver mining shares fell also moved up during the day.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[24] contributed to this report.

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