Gold near unchanged after Australian jobs data

Gold prices were largely unchanged during Asian trading on Thursday as investors priced in economic data that showed that the Australian job market was stronger than expected.

On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down just 0.01% at USD1,678.55 a troy ounce in Asian trading, up from a session low of USD1,677.25 and down from a high of USD1,679.75 a troy ounce.

Gold futures were likely to test support at USD1,668.85 a troy ounce, the low from Wednesday, and resistance at USD1,683.75, Tuesday's high.Continue Reading....