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Oct. 6, 2022, 1:51 p.m. EDT

Gold futures end flat for the session ahead of monthly U.S. jobs report

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    Gold Dec 2022 (GCZ22)

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By Myra P. Saefong

GCZ22

Gold futures ended unchanged on Thursday as investors await cues from the monthly U.S. jobs report due Friday. Everyone will be "closely watching tomorrow's U.S. September nonfarm payrolls and its impact on the November Federal Reserve meeting," said Chintan Karnani, director of research at Insignia Consultants. There has to be an increase in unemployment in the U.S. for the market to see a slower pace of interest-rate hikes, he said. Gold for December delivery /zigman2/quotes/210039517/delayed GCZ22 +0.06% settled at $1,720.80 an ounce on Comex after losing 0.6% on Wednesday.

/zigman2/quotes/210039517/delayed
US : U.S.: Nymex
$ 1,755.00
+1.00 +0.06%
Volume: 132,426
Nov. 25, 2022 1:44p
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