Gold falls 0.3% ahead of Friday jobs report WTI up 1.9% to $50.52


(MENAFN- ProactiveInvestors) Gold futures fell Tuesday as investors digested a spate of economic reports from a busy week of economic indicators which culminates with the Friday jobs report.

Gold for April delivery fell 0.3 percent to settle at $1204.40 an ounce on Comex.

Markets will be watching Friday's U.S. non-farm payrolls numbers and next week's launch of outright money-printing by the European Central Bank.

In other metals trading May silver settled down 0.9 percent to $16.296 an ounce after a 0.7 percent loss a day earlier.

April platinum slipped $0.30 to $1189.60 an ounce. June palladium rose $0.55 to $831.65 an ounce. May copper fell $0.041 to $2.657 a pound.

In energy trading crude-oil futures rebounded with prices for Brent leading the charge higher as violence in Libya and concerns surrounding Iran’s nuclear program raised risks to global oil supplies.

West Texas Intermediate for delivery in April settled at $50.52 a barrel up $0.93 or 1.9 percent on the New York Mercantile Exchange.

Brent crude for April delivery on London’s ICE Futures exchange rose 2.5 percent to end at $61.02 a barrel.


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