Gold edges higher as traders wait for jobs report


Myra P. Saefong and Shawn Langlois
The Wall Street Journal
March 6, 2014

Gold futures edged higher on Thursday, holding ground above $1,340 an ounce and staying in a tight range as traders awaited the key jobs report at the end of the week.

Gold for April delivery tacked on $5.50, or 0.4%, to $1,345.80 an ounce on the Comex division of the New York Mercantile Exchange. May silver added 10 cents, or 0.5%, to $21.38 an ounce.

“Precious-metals prices are “hanging” around, with little new news to create a catalyst either way,” said Peter Hug, global trading director at Kitco Metals Inc.

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