(RTTNews) - The price of gold was easing from its one-month high Friday morning as the U.S. dollar was mixed ahead of October jobs data.
Gold for December delivery, the most actively traded contract, edged down $5.00 to $1,760.10 an ounce. Yesterday, gold gained over 2 percent to hit its one-month high after the European Central Bank began what may prove to be an easing cycle with a quarter point interest rate cut.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,243.55 tons.
Meanwhile, the U.S. dollar was trading flat versus the euro and sterling, while ticking higher versus the Swiss franc and easing against the yen.
In economic news from the euro zone, producer prices increased more than expected in September, data from Eurostat showed. The producer price index rose 0.3 percent month-on-month following a 0.2 percent decline in August. Economists were looking for a 0.2 percent rise.
Elsewhere, the prices of silver and platinum were moving lower in morning deals.
From the U.S., the Labor Department will release its jobs data for the month of October. Economists expect the non-farm payrolls to increase by 90,000, while they expect the unemployment rate to remain unchanged at 9.1 percent.
