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MTECHTIPS:- Gold prices steady in early Asia with focus on U.S. jobs data

MTECHTIPS:- Gold prices steady in early Asia with focus on U.S. jobs data

Gold prices held mostly steady in early Asia on Thursday wit the focus ahead on U.S. jobs data at the end of the week. On the Comex division of the New York Mercantile Exchange, gold for December delivery held steady in early Asia on Thursday at $1,084.40, up 0.04%, as investor assess chances for a rebound after recent steady declines. Silver for September delivery rose 0.10% to $14.565 a troy ounce. Copper for September delivery fell 0.09% to $2.351 a pound. Overnight, gold fell mildly on Wednesday retreating back to near five and a half year lows, as strong non-manufacturing data from the Institute of Management pushed the dollar to its highest level in three and a half months. Gold had stabilized in recent sessions after dipping below $1,075 an ounce late last month to touch down to its lowest level since 2010. Last Friday, for instance, it moved back above $1,100 an ounce after gaining more than $7 on the session. Since then, however, it has closed lower on three of the last four trading days. Over the last month, gold has only closed in the green in six of 27 sessions while losing more than 7.25% in value.
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