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FR
Gold ticks up on softer dollar, focus on US jobs data
['Wed', 'August At Am Gmt', 'Min Read']
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FUNDAMENTALS• Spot gold was up 0.1% at $4,081.09 per ounce, as of 0040 GMT.
• The U.S. dollar remained subdued, making dollar-priced metals more attractive to holders of other currencies.
• Traders are now pricing in 57% odds of a hike at the U.S. central bank's September 15-16 meeting.
• Among other metals, spot silver gained 0.2% to $59.61 per ounce, platinum fell 0.2% to $1,732.00, while palladium lost 0.4% to $1,348.00.
DATA/EVENTS (GMT)0145 China RatingDog Services PMI Jul0750 France S&P Services, Composite PMI Jul0755 Germany S&P Services, Composite Final PMI Jul0800 EU S&P Services, Composite Final PMI Jul0830 UK S&P Global PMI Composite Jul0830 UK Reserve Assets Total Jul1345 US S&P Global Comp, Svcs PMI Final Jul1400 US ISM N-Mfg PMI Jul(Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Rashmi Aich)