Oil, Gold Firmer Ahead of U.S. Jobs Report

Commodities are moving higher ahead of a U.S. jobs report that most analysts expect to show hiring improvement. The dollar is lower, helping gold's price.

Economists expect the number of new hires to rise by 125,000, while the unemployment rate was forecast to remain unchanged at 9%. Those estimates were formed ahead of the stronger-than-expected reading from a private-sector hiring gauge out earlier this week.

At last check, January crude futures are up 77 cents or 0.8%, at $100.97 a barrel. United States Oil Fund is little changed near 38.59.

February gold futures are up $16.70 or 1% at $1,756.50 an ounce. SPDR Gold Trust is up 0.6% at 170.72.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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