Tuesday, 8 September 2015

Gold wavers with U.S. investors out for Labor Day

Gold futures swung between small gains and losses on Monday, as investors struggle to find trading clues with most U.S. markets closed for the Labor Day holiday.

Market participants also cautiously waited for the closely watched the Federal Reserve meeting next week.

Gold for December delivery GCZ5, -0.11%  slipped 60 cents, or 0.1%, to $1,120.80 an ounce, building on a 1.1% loss from last week. The contract shaved off $3.10 on Friday after the monthly U.S. nonfarm payrolls report offered a mixed picture of the health of the country’s labor market, with 173,000 jobs added to the economy in August.

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