Gold price (XAU/USD) recovers intraday losses and edges higher to around$2,640 in European trading hours on Friday ahead of the United States (US) Nonfarm Payrolls (NFP) data for November, a key release to get more cues about which direction US interest rates could be heading to.
LME zinc cancelled warrants increased by another 49kt yesterday to surge to around 107kt, their highest level since October 2017, ING’s commodity analysts Ewa Manthey and Warren Patterson note.
Gold (XAU/USD) rallies for the fifth day in a row, making it a clean-sweep of green daily candlesticks for the week so far.