Gold up to $1258 Ahead of Important U.S. Data

Gold ended higher on Wednesday after mixed U.S. data left investors uncertain over the pace of recovery in the world’s largest economy.

U.S. private employers added 175,000 workers in January, slightly fewer than the 180,000 increase forecast by analysts polled by Reuters. The December reading was downgraded to 227,000 from the originally reported 238,000.

Separately, financial data firm Markit said growth in the U.S. services sector quickened to a four-month high in January and hiring remained robust, while the U.S. services sector rebounded in January after two months of slower growth.


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