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Sept 4 - Gold prices extended declines to a two-week low on Wednesday as a sharp sell-off in equities forced a rush to cover margin calls, adding pressure on bullion ahead of keenly awaited non-farm payrolls data due later this week.
"Other are down, partly in sympathy, but more likely in response to those dire numbers from the States yesterday." "Gold remains under pressure despite the risk-off mood... the precious metal could be exposed to further volatility on Wednesday due to the incoming U.S. factory orders, JOLTS labour market data which may influence Fed cut expectations," said FXTM senior research analyst Lukman Otunuga.
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