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Gold to Rise as Oil Falls if NFP, ISM Miss Estimates
By: International Business Times
Crude oil may fall amid broad-based risk aversion while gold pushes higher amid US Dollar selling if US ISM and NFP data fall short of economists' expectations.
- Crude Oil, Copper May Fall if NFP and ISM Data Disappoints
- Gold and Silver Could Rise as US Data Weighs on US Dolla r
All eyes are on the US economic calendar in the final hours of the trading week. The Employment report is expected to show Nonfarm Payrolls ( NFP ) rose 165,000 in January, compared with a 155,000 increase in the prior month. Meanwhile, the ISM Manufacturing gauge is expected to tick narrowly higher to 50.6 over the same period versus 50.2 in December.
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