Steady finish for bullions

Gold finishes marginally higher ahead of jobs data

Bullion metals, mainly gold settled steady at Comex on Monday, 21 October 2013. Gold futures settled little higher Monday for a third session in four, building on last week's gain as traders geared up for a busy week of earnings and economic reports. Silver registered good gains.

Gold for December delivery rose $1.20, or 0.1%, to settle at $1,315.80 an ounce on the Comex division of the New York Mercantile Exchange.

Silver for December added nearly 37 cents, or 1.7%, to $22.28 an ounce.

The market took a pause following last week's gains and ahead of Tuesday morning's key U.S. employment report.

The flow of backed-up U.S. government economic data began Monday with existing home sales data. The big economic report early this week will be the U.S. employment report for September, which is due out Tuesday morning. The key non-farm payrolls number of the jobs report is expected to come in at up 180,000, while the overall unemployment rate is expected to be unchanged at 7.3%.

It's likely some of the postponed U.S. economic data that was due out during the two weeks the U.S. government was shut down will be cancelled. The fresh batch of U.S. economic data could make for more volatile price action in many markets that had seen a dearth of fresh U.S. economic/fundamental news for over two weeks.

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