Gold Fund Holdings Rebound From Biggest Two-Day Drop This Year
- Prices hold gains made Friday, when jobs data missed estimates
- Trading should be thin today due to U.S. holiday: Marex
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Gold steadied as holdings in bullion-backed funds rebounded from the largest two-day drop this year.
Investors bought 0.6 metric ton of the metal through exchange-traded funds as of Friday, when prices rose as weaker-than-expected U.S. jobs data cut expectations that the Federal Reserve will raise interest rates this month. They sold 16.1 tons in the two days before that, the most since December.