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Gold today declined from a three-month high as investors awaited US employment data that may show the economy is strengthening.
Gold fell 0.4 per cent to $1,322.13 an ounce. It had reached $1,332.33 on July 1, the highest since March 24.
Silver also fell 0.5 per cent to $21.05 an ounce. It reached $21.29 yesterday, the highest since March 17.
Labour Department data may show today nonfarm payrolls rose by 215,000 workers in June after increasing by 217,000 the prior month, according to Economists’ survey.
Meanwhile, gold has risen 10 per cent this year as the Federal Reserve said it will keep interest rates low for a considerable time after ending bond buying, while unrest in Iraq and Ukraine spurred demand for a haven.
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