Gold edges down ahead of U.S. payrolls report

Reuters reports that Gold eased in Europe on Friday as growing optimism over the economic recovery shifted investors’ focus to riskier assets, though moves were muted ahead of a key U.S. jobs report.

The market news is quoted as saying:

Gold has retreated from a two-week high at $1,355.80 hit the previous day, when Federal Reserve chair Ben Bernanke said the U.S. recovery still needed Fed support. His comments were taken to indicate that U.S. monetary policy would stay accomodative.

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