Wednesday, 5 June 2013

Market Watch: Gold cuts gain at close as investors show caution

Gold futures climbed Wednesday, with disappointing growth in U.S. private-sector employment and broad losses in equities providing support, but prices cut the bulk of their gains by the session’s close.

Investors showed caution ahead of the European Central Bank’s meeting on Thursday, as well as official U.S. government employment figures due Friday that were likely to offer a hint as to what the Federal Reserve will decide to do with its bond-buying program.

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