CNBC's Sharon Epperson discusses the day's activity in the commodities markets, including oil and natural gas ahead of tomorrow's report on weekly supplies.
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Gold edged up on Friday, heading for its biggest weekly gain in a month as equities regained strength on hopes that a plan to support Europe's financial sector is making a progress, but trading could be slow ahead of U.S. payroll data.
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Gold edged up 0.4 percent on Friday after the previous day's drop, but remains on track for a third straight week of decline as investors worried about grim global growth outlook piled into the dollar, which weighs on bullion prices.
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Jobless claims for this week are up by 1000 and the April trade deficit is better than expected. A breakdown, with Joe Kinahan and Jim Iuorio at the CME, Jim O'Sullivan, MF Global; Mohamed El-Erian, Pimco and CNBC's Steve Liesman.
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Unemployment claims are the big hurdle for markets Thursday, as investors watch to see if economic headwinds will keep the weekly number elevated.
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