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Job losses drag gold down, oil retreats

Melissa Pistilli
Dec. 08, 2008 06:12AM PST
Market News

Gold Investing News reports further drops in oil and job cuts have led to lower gold prices in the recent week. New York gold futures fell sharply to close just above $750 an ounce, ending the week more than 8 per cent lower as the bleak US jobs report triggered wholesale liquidation of assets across …

Gold Investing News reports further drops in oil and job cuts have led to lower gold prices in the recent week.

New York gold futures fell sharply to close just above $750 an ounce, ending the week more than 8 per cent lower as the bleak US jobs report triggered wholesale liquidation of assets across the board.

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