James St. John
April gold futures on COMEX rose $29.90, or 1.8%, to $1,713.90 an ounce. Futures fell almost 1.7% on Tuesday, to their lowest level since March 8.
June gold futures rose $29.60, or 1.8 per cent, to $1,716.60 an ounce.
Gold futures lost 0.8 per cent for the month and fell 9.5 per cent for the quarter.
May silver futures rose 39 cents, or 1.6%, to $24.53 an ounce. Silver futures were down 7.2 per cent for the month and 7.1 per cent for the quarter.
Investors were watching private sector new jobs data on Wednesday ahead of a key employment report later this week. Investors in commodity markets were also waiting for details of US President Joe Biden's long-awaited infrastructure spending plan, the implementation of which could bolster the pandemic-weakened US economy.
Private sector jobs rose by 517,000 in March, according to data provided by Automatic Data Processing.
The private-sector report reinforces the view that the US economy is growing, helped by a massive $1.9 trillion federal stimulus package and vaccination campaign.
source: dowjones.com
June gold futures rose $29.60, or 1.8 per cent, to $1,716.60 an ounce.
Gold futures lost 0.8 per cent for the month and fell 9.5 per cent for the quarter.
May silver futures rose 39 cents, or 1.6%, to $24.53 an ounce. Silver futures were down 7.2 per cent for the month and 7.1 per cent for the quarter.
Investors were watching private sector new jobs data on Wednesday ahead of a key employment report later this week. Investors in commodity markets were also waiting for details of US President Joe Biden's long-awaited infrastructure spending plan, the implementation of which could bolster the pandemic-weakened US economy.
Private sector jobs rose by 517,000 in March, according to data provided by Automatic Data Processing.
The private-sector report reinforces the view that the US economy is growing, helped by a massive $1.9 trillion federal stimulus package and vaccination campaign.
source: dowjones.com
