Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
At last day comes for which market is anticipating for a long time. Late today, US will publish NFP job data as well as unemployment rate. But based on overall market sentiments, reactions could be skewed to the downside. That is, reactions to downside surprises would be larger than to upside surprises.
Markets are expecting NFP to show 203k growth in December with unemployment rate unchanged at 5.0%. Looking at other job data, employment component of ISM manufacturing dropped back to contraction region at 48.1 in December. Employment component of ISM services rose slightly to 55.7. ADP job growth rose to 257k and beat expectations. Weekly average of initial jobless claims rose slightly to 276k but stayed low. Conference board consumer confidence rose to 96.5. So we'd more likely get a solid NFP report today.
After the NFP results, market will provide more clear signal for the US$ as well as Gold. Gold has already crossed the $1100 level and trading around $1102 levels. Today's data will provide the outlook for US economy as well A Gold too.
