WASHINGTON (dpa-AFX) - Gold prices remained stuck just above $1200 an ounce Wednesday morning amid the release of somewhat disappointing news from the U.S. jobs front.
Automatic Data Processing Inc. reported just now that employers added 212,000 jobs last month, below January's revised gain to 250,000.
The ADP figures are considered a key prelude to the official U.S. jobs report, which comes out Friday morning from the Labor Department.
U.S. gold for April was down 3 dollars at $1203 an ounce, even as the dollar eased a bit from 11-year highs. Silver was up 3 cents at $16.32 an ounce.
The strong dollar and expectations of an interest rate hike in June by the Federal Reserve have kept precious metal prices in check for the past month.
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