Gold is marginally lower and threading water in most currencies today with markets subdued as the London Stock Exchange and Wall Street are closed for a national holidays.

It range traded from $1,210/oz to $1,214/oz in Asian and early European trading this morning. Gold is currently trading at $1,213/oz and in euro, GBP, CHF, and JPY terms, at €987/oz, £837/oz, CHF 1,043.64/oz, JPY 110,897/oz respectively.

Markets await the key US monthly employment report on Friday for signs that the economic recovery is still on track.

Analysts expect the US economy added about 500,000 jobs in May and the unemployment rate fell to 9.7 percent from 9.8 percent in April.

A disappointing number could lead to further risk aversion on concerns of a double dip recession.

London stock exchange Gold