To: Ms. Baby Boomer who wrote (47877 ) 12/4/2013 11:45:18 AM From: Ms. Baby Boomer Respond to of 48092 Gold Rises From Five Month Low as Oil, Commodities Advance... Gold futures advanced from an almost five-month low as commodities gained and oil rose for a fourth straight session. The Standard & Poor’s GSCI index of 24 raw materials increased as much as 0.5 percent and oil futures jumped 1.6 percent. U.S. companies boosted payrolls by 215,000 in November, according to figures from the ADP Research Institute. That’s more than the 170,000 workers predicted in a Bloomberg survey. Payrolls probably rose by 181,000 last month, according to a Bloomberg survey before a Dec. 6 government report. “Gold is getting a bid along with other commodities,” Frank Lesh , a trader at FuturePath trading in Chicago , said in a telephone interview. “The market will remain very choppy ahead of the big data on Friday.” Gold futures for February delivery rose 0.3 percent to $1,225 an ounce at 10:12 a.m. on the Comex in New York. Prices reached $1,210.80, the lowest since July 5. The precious metal jumped more than $14 in less than 15 minutes, data compiled by Bloomberg show. Gold is set for the first annual drop in 13 years as some investors lost faith in the metal as a store of value. Minutes of the U.S. central bank’s October meeting released Nov. 20 showed that policy makers expected an improving economy to warrant trimming debt purchases in coming months. The Fed next gathers on Dec. 17-18. The Fed will pare monthly asset purchases to $70 billion from $85 billion at its March 18-19 meeting, according to a Bloomberg survey last month. Bullion rose 70 percent from December 2008 to June 2011 as the central bank pumped more than $2 trillion into the financial system. Bullion today reached the lowest since July 2010 priced in euros and the lowest since August that year denominated in pounds, according to data compiled by Bloomberg. Silver futures for March delivery added 1.3 percent to $19.310 an ounce in New York , after touching $18.89, the lowest since July 8.... bloomberg.com