Gold futures nudged lower Thursday ahead of tomorrow’s closely watched June jobs report from the Labor Department.
In a key prelude, payroll processor ADP released a report showing stronger than expected private sector job growth in June.
ADP said private sector employment climbed by 172,000 jobs in June following a downwardly revised increase of 168,000 jobs in May. Economists had expected an increase of about 150,000 jobs.
Gold and silver paused after a furious rally since the recent Brexit vote.
August gold settled at $1,362.10/oz, down $5, or 0.4%, easing from a 28-month peak.
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