Otmane El Rhazi from
The Bullion Desk.
- The gold price has been steadily improving today in London trading, despite a positive US jobs report that could spur a decision on US interest rates in the near-term.
- The metal has been benefitting throughout the week on the uneasy environment in Europe, regarding both the prospect of quantitative easing and the political situation in Greece that threatens to bring about the next euro-crisis.
- Main focus today was on the US non-farm employment change data, which showed that the US added 252,000 jobs in December, while unemployment was down to 5.6 percent.
- In the other metals, silver at $16.50 per ounce is performing well as are the PGMS with platinum at around $1,225 per ounce and palladium around $800 per ounce.
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