Gold Overview
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Gold rallied over 1.5 percent, its biggest one-day gain since November, as disappointing U.S. job data fueled expectations the Federal Reserve will continue its bullion-friendly bond purchases.
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Gold was little changed on Tuesday, but sentiment ahead of a U.S. Fed meeting boded for more gains.
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Gold rose ahead of a key Federal Reserve policy meeting, but gains were capped by lingering fears about the "fiscal cliff"
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Gold edged up on Friday, rebounding from early lows, as upbeat U.S. nonfarm payrolls data did not alter a view that the Federal Reserve will continue to use bullion-friendly economic stimulus to boost growth.
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Gold prices steadied near $1,690 an ounce, as buyers remained on the sidelines after the ECB left rates unchanged as expected, and on uncertainty over negotiations to avert a U.S. fiscal crisis.
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Gold slipped to a one-month low below $1,700 an ounce as a weaker price forecast by Goldman triggered some fund liquidation, offsetting news of fresh central bank buying.
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Gold slid as liquidation of long positions converged with fears about the U.S. fiscal cliff.
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Gold edged up in quiet trade on a dollar drop and a mixed bag of U.S. and Chinese manufacturing data.