[MARKET ANLYSIS] Gold slips as focus now turns to US ADP employment

Precious metals have stalled following prior day gains, with the yellow metal slipping below the USD 5,000/oz mark and silver falling by 4.5%, though off worst levels seen during the APAC session. Analysts note that liquidity remains thin, particularly across metals. Focus now turns to US ADP employment figures, which could trigger volatility. Weaker jobs data could trigger a weaker USD, spurring the yellow metal and vice versa. Copper prices remain subdued, largely amid the mixed global risk tone and the closure of the Chinese market due to the Chinese holiday. The red metal currently trades in a narrow range of USD 12.84900-12.68508k/t.