Employer services company Automatic Data Processing (ADP) released its private sector employment data this morning, reporting that the U.S. private sector lost 22,000 jobs in January.
That’s the smallest job loss in the ADP report since January 2008. The Labor Department releases its own January employment report on Friday.
The ADP report helped the dollar pare its losses against the euro slightly, and the dollar index, which compares the dollar to a basket of currencies, was trading slightly higher Wednesday morning.
Gold futures continued to trade lower, trading down about six tenths of a percent to to $1111 on Wednesday.
Let’s take a look at how a few gold stocks are trading: Barrick Gold (NYSE:ABX) is trading down by about a quarter of a percent, while Kinross Gold (NYSE:KGC) trades higher by about 0.29 percent, and Goldcorp (NYSE:GG) is trading lower by about four tenths of a percent.
For MarketNewsVideo.com, I 'm Sayoko Murase.
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