Gold stabilized

Market news

7 March 2012

Gold stabilized

Gold prices stabilized after a three-day decline. From statistics published today may be noted the data on the U.S. labor market, which turned out better than expected.

According to analyst firm ADP, the number of jobs in private companies in the USA in February of this year increased by 216,000 compared with January. Statistics was slightly better than expected, analysts believed that the figure rose to 215,000.

The dollar to a basket of six currencies of countries - major U.S. trading partners fell by 0.03% to 79.91 points.

March futures of gold on COMEX today kept in the range of 1673.1 - 1680.0 per ounce.

European stocks closed in plus: FTSE 100 5,791.41 +25.61 +0.44%, CAC 40 3,392.33 +29.77 +0.89%, DAX 6,671.11 +38.00 +0.57%

Greece bond swap participation rises to 58%.

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