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Gold recovers from previous day slide on stimulus hopes

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Philippine central bank keeps interest rate unchanged at 2 pct

Swiss franc likely to gradually depreciate against euro in coming months

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Danish headline inflation eases in October, likely to reach 0.8 pct in 2021

Gold prices ease as vaccine hopes offset worries about second coronavirus wave

Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further

Malaysian headline inflation falls further in October, likely to remain negative in 2020

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Malaysian economic growth rebounds in Q3 2020 on household consumption, exports

U.S. existing home sales rise above expectations in October

Best Gold Stocks to Buy Now: AABB, GOLD, GDX

Australian economic growth recovers strongly in Q3 2020

Gold at multi-week peaks as dollar slumps after Biden clinches U.S. presidency

U.S. vehicle sales fall again in November

U.K.’s headline inflation accelerates in October, likely to remain below 1 pct until Q1 2021

Gold price trades steady ahead of US October labor market data

Friday, November 6, 2015 11:30 AM UTC

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US labor market data has been published today and gold price kept trading steadily ahead of it, at $1100 per troy ounce. The market pricing for a December hike is 56%,  according to Fed Fund Futures.

The gold ETFs that are tracked by Bloomberg saw 5th daily outflow consecutively yesterday, at 8.5 tons. This is highest since July end. These ongoing ETF outflows are precluding higher prices.

"Speculative financial investors are expected to withdraw from gold, which would weigh on its price", says Commerzbank in a research note.

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