Gold Market Update : Epic Research Singapore

Gold futures climbed Wednesday, marking their highest settlement in three weeks as U.S. stocks struggled to find direction despite better-than-expected figures on private-sector jobs.

The ADP report is viewed as a precursor to the more closely watched government-employment report due Friday, which could help determine the yellow metal’s path.

April gold GCJ6, -0.19%  marched $11, or 0.9%, higher to settle at $1,241.80 an ounce. Prices, which saw a loss of 0.3% a day earlier, logged their best settlement since Feb. 11, according to FactSet data.

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