Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Today ADP employment numbers were released from US for the month of January.
ADP number shows US economy and its labour markets are quite robust, in spite of global economic slowdown.
There are two things to note even in the headline that,
- Job growth beat expectations, number can be considered as superb considering market turmoil in January and weakness in exports and manufacturing.
- December payroll marginally revised to 267,000 (up from 257,000).
Key highlights -
- Non-farm private sector employment grew at 205,000 in January, median expectation was for 195,000.
- Small business sector hiring at 79,000, compared to 95,000 last month.
- Employment in franchise increased to 20,000 compared to last month's 48,600.
- Mid-sized companies added 82,000 jobs compared to last month's 65,000 jobs.
- Large sector added just 44,000 compared to last month's 97,000 jobs.
- Manufacturing sector payroll added no jobs compared to 2,000 job gains last month.
- 13,000 jobs were added in goods producing sector, compared to last month's 23,000
- Construction sector added 21,000 on payroll, compared to last month's 24,000.
- Services sector employment remains robust as payroll added 192,000 people in January. December gains were 234,000.
Dollar, dropped however despite better than expected data today.
Dollar index is currently trading at 98.53, down -0.28% today so far.
