Sentiment for gold remains bullish as traders await ECB/Payrolls |
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London, 03 July 2008 - Gold is holding close to the 10-week highs set earlier this week, and looks set for a busy day ahead as the ECB meets to set European interest rates while US traders will be positioning themselves ahead of the long Independence Day weekend. EUR/USD is little changed from Wednesday’s close of 1.5888 with the ECB expected to raise interest rates 25-bp. Also scheduled for release today are June Non-Farm Payrolls, expected to show a decline of 40,000, the ISM Service Index
Filed under: Fundamental
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