Gold Drops Over $20 Ahead of U.S. Non-Farm Report

Gold prices fell nearly $25, close to 2 percent, to $1,386.20 an ounce Sept. 4. The precious metal eased a bit later in the session, rising slightly to $1,390.06 an ounce, Reuters reported.

Investors were cashing in before the U.S. released a crucial non-farm report today that was expected to shed light on the future of the Federal Reserve’s stimulus program, the source said.

Gold futures were also down today, dropping $23.40 to $1,388.80 an ounce.

News regarding military action in Syria also impacted gold futures, MarketWatch reported.