Fundamentals
GOLD TICKS DOWN AS MIXED JOBS REPORT YIELDS FEW CLUES ON SEPT RATE HIKE
Gold fell mildly last week amid a relatively flat dollar, as a mixed U.S. jobs report for the month of August provided few signals on the likelihood of a September rate hike by the Federal Reserve. The data did little to alter expectations for a
rate hike at the Federal Reserve's next meeting due to take place September 16-17. Gold for December delivery on the COMEX division of the New York Mercantile Exchange dropped $3.10, or 0.28%, to end Friday's session at $1,121.40 a troy ounce after falling to an intra day low of $1,115.70, the weakest level since August 18. U.S. markets will be closed on Monday for the Labor Day holiday. For the week, prices of the precious metal dropped $10.50, or 1.1%, the second straight weekly loss.
COPPER FUTURES RISE TO 2-WEEK HIGH AS SENTIMENT REBOUNDS
rate hike at the Federal Reserve's next meeting due to take place September 16-17. Gold for December delivery on the COMEX division of the New York Mercantile Exchange dropped $3.10, or 0.28%, to end Friday's session at $1,121.40 a troy ounce after falling to an intra day low of $1,115.70, the weakest level since August 18. U.S. markets will be closed on Monday for the Labor Day holiday. For the week, prices of the precious metal dropped $10.50, or 1.1%, the second straight weekly loss.
COPPER FUTURES RISE TO 2-WEEK HIGH AS SENTIMENT REBOUNDS
Copper futures extended gains from the prior session to hit a Two- week high last week, as a sharp rebound on Wall Street overnight helped soothe investors' tattered nerves but again fell down on Friday. Copper prices have been under heavy selling pressure in recent weeks as fears of a China-led global economic slowdown spooked traders and rattled sentiment.









