US jobs data weakens US gold futures, Rupee gains weigh on India Gold
As per the US labor data released on Friday employers added 175,000 jobs to their payrolls last month up from January's 129,000 new positions. The unemployment rate, however, rose to 6.7 percent from a five-year low of 6.6 percent, as Americans flooded into the labor market to search for work.
Gold strengthens on Dollar weakness, Ukraine crisis
The decision of ECB sparked a rally in the euro versus the dollar, itshighest since late September. Comex gold for March delivery closed 0.86% higher at US$ 1351.7 on Thursday.Gold has been up on high tensions between the West and Russia over Ukraine
Precious metals to gain on escalation of Ukraine crisis: ETFS
Precious metals have done well so far benefiting from US growth concerns and emerging market jitters, silver acting increasingly like a leveraged play on gold. Platinum and Palladium prices rose on growign supply-demand imbalances as South Africa labour strife continues.
Ukraine boosts safe haven appeal of Gold
The gold futures rebounded from a 1.09% plunge on Wednesday after the Fed Chairman Yellen mentioned on Thursday that they would continue to taper in "measured steps" and need to decipher how much of the recent weak data is due to bad weather and how much is due to a weaker outlook.