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Gold dips in Asia

Gold fell to a two-week low on Friday, extending losses into a sixth straight session as investors positioned themselves ahead of US jobs data that could help gauge when the Federal Reserve will raise interest rates. Economists polled by Reuters expect Friday's nonfarm payrolls report to show US employers hired 203,000 workers in September, improving from August's 173,000 increase.

Spot gold had eased 0.4 percent to $1,108.70 an ounce by 0649 GMT, after dipping to $1,107.55 earlier in the session - the lowest since September 16. It has lost nearly 3 percent for the week, its biggest such decline since the week ended July 24. "Our call for gold prices to touch $1,050 at year-end is still very much intact on the grounds for a Fed fund rate hike before the year is up," said OCBC analyst Barnabas Gan.

Copyright Reuters, 2015


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln