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Gold Steady Around $1085 after U.S. Data

Gold eased on Wednesday, hovering above the recent 5-1/2 year low on earlier pressure from the dollar as U.S. services sector data revived expectations of a U.S. interest rate rise as early as September.

Spot gold was down 0.2 percent at $1,083.93 an ounce, while U.S. gold for delivery in December settled down 0.5 percent, at $1,085.60 an ounce.

Spot prices had briefly rebounded after earlier U.S. data showed private sector hiring in July had risen the least since April, which initially weighed on the dollar.

CNBC [1]

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