Gold trades lower as investors wait for U.S. jobs data
Duncan Richardson, News Editor
6 Mar 2014, 10:57 a.m.
Gold retreated yesterday as investors attention switches to the release of Fridays U.S. nonfarm payroll data and information from the European Central Banks latest policy meeting.
Traders will look to the nonfarm payroll data as an indicator of the health of the U.S economy and in turn the future of the Federal Reserve’s stimulus program known as quantitative easing.
Whilst in Europe the ECB is expected to keep interest rates on hold, but investors will be focusing on forward guidance and insight into future monetary easing.