ADP Employment Report and Precious Metal

upward momentum: Investors moved their positions and gave upward momentum to the precious metal ahead of several U.S. data, including the key non- farm payrolls data for April, according to Xinhua China. The international trade report and the ADP employment report are due out Tuesday and Wednesday, respectively. The most active gold contract for June delivery surged 12.3 U.S. dollars, or 1.05 percent, to settle at 1,186.80 dollars per ounce. Jobless claims are due out Thursday and the larger employment situation report is due on Friday. The Fed could raise interest rates as early as June, according to analysts. These reports are likely to be closely watched as investors are looking to see what direction the U.S. economy is heading given a potential interest rate increase by the U.S. central bank, the Federal Reserve. (news.financializer.com). As reported in the news.