Gold is steady in the early morning Asian session, with more U.S. economic data likely needed to extend the current rally, analysts say.
Market participants probably have to watch February and March data before another move higher by the precious metal, with Friday's U.S. nonfarm payrolls data being the next focus, Ryan McKay, senior commodity strategist at TD Securities, says in a research report. Macro traders can still add further upside for gold once the macroeconomic landscape can be forecast with more conviction, McKay adds.
Spot gold is little changed at $2,148.67/oz.
Source: Marketwatch
