DJ PRECIOUS METALS: NY Gold Seen Down $1, Silver Down 6 Cents
June gold futures are expected to open floor trading in
New York around $1 an ounce lower Thursday, based on electronic activity ahead
of the pit session at the Comex division of the New York Mercantile Exchange.
May silver is expected to be down about 6 cents an ounce.
At 7:53 a.m. EDT, spot gold was trading up $4.60 to $884.15. In overnight
activity, spot gold prices traded mostly steady Thursday in holiday thinned
trade ahead of the Easter weekend.
U.S. economic reports on Thursday include:
- April 4 jobless claims at 8:30 a.m. EDT (1230 GMT), with weekly jobless
claims expected down 9,000 at 660,000;
- March import prices at 8:30 a.m. EDT (1230 GMT), expected up 1%;
- February trade balance at 8:30 a.m. EDT (1230 GMT), with an expected $36
billion deficit.
Comex gold warehouse stocks were down 1,034 ounces at 8,582,177 ounces
Wednesday, while silver stocks were up 208,035 ounces at 115,809,561 ounces.
