Gold: slight decline l'o.n.c.e before U.S. jobs.

 

After first auction this Thursday on the London market, an ounce of gold was quoted at U.S. $ 1322.5 (- $ 4 compared to fixing yesterday afternoon) and 968.6 euros (- 2.8 euros ).

According to analysts at Saxo Bank? Gold drop its highest level in three months while data on employment in the United States this afternoon could show the strength of the U.S. recovery, which could again penalize an ounce?.

Statistics foreground, the monthly report from the Labor Department is expected by the consensus, revealing the creation of 215,000 nonfarm jobs in June, according to the consensus. A robust level that would be in line with the monthly average since the beginning of the year.

Note that the employment report released yesterday by the ADP private institute, which usually foreshadows the Labor Department had reported 281,000 creations friends where consensus was expecting 200,000.

In short, the dynamism of the U.S. economy, which remains the world's first, should be confirmed. Usually, this perspective tends to weigh on safe havens, among which gold is often classified.

Analysts Raw Materials Commerzbankles trade and movement are low currently on the gold market as operators expect earlier in the report on U.S. employment. Then tomorrow July 4th, a holiday will be observed in the United States where the national holiday to be celebrated.

Nothing to report the side of the first gold ETF in the world, the SPDR Gold Shares, the outstanding remained steady yesterday at 796.4 tonnes.