#gold's

New Post has been published on http://u.to/sG1DDw

Gold's positive factors evaporate after ISM providers jumps to 11-month excessive

© Reuters. Gold’s gains evaporate after ISM services data

Investing.com – Gold prices turned lower during North America’s session on Wednesday, reversing after data showed that the U.S. services sector accelerated in September .

for December delivery on the Comex division of the New York Mercantile Exchange eased up 35 cents, or 0.03%, to $ 1,270.05 a troy ounce by 10:15AM ET (14:15GMT). The contract fell to $ 1,268.60 earlier, a level not seen since June 24.

The Institute of Supply Management said its non-manufacturing purchasing manager’s index last month from 51.4 in August. Analysts had expected the index to increase to 53.0.

That came after a separate report showed that U.S. non-farm private employment in September.

Payroll processing firm ADP said non-farm private employment last month, below forecasts for an increase of 166,000. The economy created 175,000 jobs in August, whose figure was downwardly revised from a previously reported increase of 177,000.

On Tuesday, prices plunged $ 43.00, or 3.28%, its biggest one-day percentage drop since September 2013, as the U.S. dollar climbed to a two-month high amid indications the Fed is getting closer to raising interest rates.

Markets are currently pricing in around a 15% chance of a rate hike in November, according to Investing.com’s Fed Rate Monitor Tool. For December’s meeting, odds were at nearly 64%.

Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion.

The , which measures the greenback’s value against a basket of six major currencies, was up 0.2% at 96.30 early Wednesday, not far from the prior session’s two-month peak of 96.38.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/sG1DDw

Gold's positive factors evaporate after ISM providers jumps to 11-month excessive

© Reuters. Gold’s gains evaporate after ISM services data

Investing.com – Gold prices turned lower during North America’s session on Wednesday, reversing after data showed that the U.S. services sector accelerated in September .

for December delivery on the Comex division of the New York Mercantile Exchange eased up 35 cents, or 0.03%, to $ 1,270.05 a troy ounce by 10:15AM ET (14:15GMT). The contract fell to $ 1,268.60 earlier, a level not seen since June 24.

The Institute of Supply Management said its non-manufacturing purchasing manager’s index last month from 51.4 in August. Analysts had expected the index to increase to 53.0.

That came after a separate report showed that U.S. non-farm private employment in September.

Payroll processing firm ADP said non-farm private employment last month, below forecasts for an increase of 166,000. The economy created 175,000 jobs in August, whose figure was downwardly revised from a previously reported increase of 177,000.

On Tuesday, prices plunged $ 43.00, or 3.28%, its biggest one-day percentage drop since September 2013, as the U.S. dollar climbed to a two-month high amid indications the Fed is getting closer to raising interest rates.

Markets are currently pricing in around a 15% chance of a rate hike in November, according to Investing.com’s Fed Rate Monitor Tool. For December’s meeting, odds were at nearly 64%.

Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion.

The , which measures the greenback’s value against a basket of six major currencies, was up 0.2% at 96.30 early Wednesday, not far from the prior session’s two-month peak of 96.38.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/sG1DDw

Gold's positive factors evaporate after ISM providers jumps to 11-month excessive

© Reuters. Gold’s gains evaporate after ISM services data

Investing.com – Gold prices turned lower during North America’s session on Wednesday, reversing after data showed that the U.S. services sector accelerated in September .

for December delivery on the Comex division of the New York Mercantile Exchange eased up 35 cents, or 0.03%, to $ 1,270.05 a troy ounce by 10:15AM ET (14:15GMT). The contract fell to $ 1,268.60 earlier, a level not seen since June 24.

The Institute of Supply Management said its non-manufacturing purchasing manager’s index last month from 51.4 in August. Analysts had expected the index to increase to 53.0.

That came after a separate report showed that U.S. non-farm private employment in September.

Payroll processing firm ADP said non-farm private employment last month, below forecasts for an increase of 166,000. The economy created 175,000 jobs in August, whose figure was downwardly revised from a previously reported increase of 177,000.

On Tuesday, prices plunged $ 43.00, or 3.28%, its biggest one-day percentage drop since September 2013, as the U.S. dollar climbed to a two-month high amid indications the Fed is getting closer to raising interest rates.

Markets are currently pricing in around a 15% chance of a rate hike in November, according to Investing.com’s Fed Rate Monitor Tool. For December’s meeting, odds were at nearly 64%.

Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion.

The , which measures the greenback’s value against a basket of six major currencies, was up 0.2% at 96.30 early Wednesday, not far from the prior session’s two-month peak of 96.38.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/sG1DDw

Gold's positive factors evaporate after ISM providers jumps to 11-month excessive

© Reuters. Gold’s gains evaporate after ISM services data

Investing.com – Gold prices turned lower during North America’s session on Wednesday, reversing after data showed that the U.S. services sector accelerated in September .

for December delivery on the Comex division of the New York Mercantile Exchange eased up 35 cents, or 0.03%, to $ 1,270.05 a troy ounce by 10:15AM ET (14:15GMT). The contract fell to $ 1,268.60 earlier, a level not seen since June 24.

The Institute of Supply Management said its non-manufacturing purchasing manager’s index last month from 51.4 in August. Analysts had expected the index to increase to 53.0.

That came after a separate report showed that U.S. non-farm private employment in September.

Payroll processing firm ADP said non-farm private employment last month, below forecasts for an increase of 166,000. The economy created 175,000 jobs in August, whose figure was downwardly revised from a previously reported increase of 177,000.

On Tuesday, prices plunged $ 43.00, or 3.28%, its biggest one-day percentage drop since September 2013, as the U.S. dollar climbed to a two-month high amid indications the Fed is getting closer to raising interest rates.

Markets are currently pricing in around a 15% chance of a rate hike in November, according to Investing.com’s Fed Rate Monitor Tool. For December’s meeting, odds were at nearly 64%.

Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion.

The , which measures the greenback’s value against a basket of six major currencies, was up 0.2% at 96.30 early Wednesday, not far from the prior session’s two-month peak of 96.38.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/sG1DDw

Gold's positive factors evaporate after ISM providers jumps to 11-month excessive

© Reuters. Gold’s gains evaporate after ISM services data

Investing.com – Gold prices turned lower during North America’s session on Wednesday, reversing after data showed that the U.S. services sector accelerated in September .

for December delivery on the Comex division of the New York Mercantile Exchange eased up 35 cents, or 0.03%, to $ 1,270.05 a troy ounce by 10:15AM ET (14:15GMT). The contract fell to $ 1,268.60 earlier, a level not seen since June 24.

The Institute of Supply Management said its non-manufacturing purchasing manager’s index last month from 51.4 in August. Analysts had expected the index to increase to 53.0.

That came after a separate report showed that U.S. non-farm private employment in September.

Payroll processing firm ADP said non-farm private employment last month, below forecasts for an increase of 166,000. The economy created 175,000 jobs in August, whose figure was downwardly revised from a previously reported increase of 177,000.

On Tuesday, prices plunged $ 43.00, or 3.28%, its biggest one-day percentage drop since September 2013, as the U.S. dollar climbed to a two-month high amid indications the Fed is getting closer to raising interest rates.

Markets are currently pricing in around a 15% chance of a rate hike in November, according to Investing.com’s Fed Rate Monitor Tool. For December’s meeting, odds were at nearly 64%.

Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion.

The , which measures the greenback’s value against a basket of six major currencies, was up 0.2% at 96.30 early Wednesday, not far from the prior session’s two-month peak of 96.38.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.