NEW YORK (TheStreet ) -- Gold prices were tentatively rising ahead of the U.S. jobs report after a double digit selloff on Thursday.
Gold for April delivery was adding $2.10 to $1,418.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price today has traded as high as $1,420.80 and as low as $1,413.80. The spot gold price was adding almost $2, according to Kitco's gold index.
Silver prices were adding 10 cents to $34.43 an ounce. U.S. dollar index was flat at $76.48.
Gold prices were patiently awaiting the nonfarm payroll report for February. Expectations are high with the private sector expected to add as much as 200,000 jobs and the unemployment rate anticipated to rise slightly to 9.1%. The good news could already be baked into the stock market and out of the gold market, which means gold prices could tread water at these levels.
