Gold Hits Session Highs on Poor U.S. Jobs Data

Reuters reported that gold launched upwards to a session high on Friday on news that far less jobs were created in the U.S. last month than had been anticipated.

As quoted in the market report:

Gold rose to a session high of $1,571.91 immediately after the U.S. data release and was at $1,565.61 by 1555 GMT, still down about 2 percent on the week and heading for its second week of declines.

To view the whole Reuters report, click here.