Gold futures slip, but hold above $1,260
Gold futures settled lower on Thursday, but held ground above $1,260 an ounce as traders await key U.S. employment data due this week for hints on demand for metals.
Gold for April delivery GCJ5, +0.29% shed $1.80, or 0.1%, to settle at $1,262.70 an ounce after gaining $4.20 on Wednesday. March silver SIH5, +0.46% lost 20 cents, or 1.1%, to $17.196 an ounce.
Gold for April delivery GCJ5, +0.29% shed $1.80, or 0.1%, to settle at $1,262.70 an ounce after gaining $4.20 on Wednesday. March silver SIH5, +0.46% lost 20 cents, or 1.1%, to $17.196 an ounce.
Comex Market Update
Crude-oil futures settled with a more than 4% gain to reclaim the $50-a-barrel level on Thursday, as better-than-expected jobless claims data in the U.S. and a higher economic growth forecast for the European Union helped improve the outlook for energy demand.
On the New York Mercantile Exchange, March crude CLH5, +1.41% rose $2.03, or 4.2%, to settle at $50.48 a barrel. Prices lost more than double that amount in the previous session.
Brent crude LCOH5, +0.88% rose $2.41, or 4.5%, to end at $56.57 a barrel on London’s ICE Futures exchange.
On the New York Mercantile Exchange, March crude CLH5, +1.41% rose $2.03, or 4.2%, to settle at $50.48 a barrel. Prices lost more than double that amount in the previous session.
Brent crude LCOH5, +0.88% rose $2.41, or 4.5%, to end at $56.57 a barrel on London’s ICE Futures exchange.
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