Gold and silver decreased for the third consecutive business day. The recent news from Europe of the unemployment rising to 10.9% didn't help the Euro. Today's ECB rate decision might play a role in the forex and commodities markets. The ADP projects the U.S employment expanded by 119k during April. If tomorrow's U.S non-farm report will show a similar result it may adversely affect the USD and consequently may help pull up bullion. Additional items on today's agenda: U.S. ISM Non-Manufacturing PMI and U.S. Jobless Claims Weekly Report. The full daily analysis on gold and silver for May 3rd
Gold slipped on Wednesday by 0.51% to $1,654; silver also declined by 0.92% to $30.65. The Euro/USD also declined by 0.58% to 1.3158.
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