Gold Prices Down on Stronger Employment Data

Precious Metals

Reuters reported that gold prices dropped as US jobless claims also fell.

Reuters reported that gold prices dropped as US jobless claims also fell.

As quoted in the market news:

Spot gold was down 0.9 percent at $1,638.51 an ounce at 1318 GMT, having earlier touched a low of $1,625.89. U.S. gold futures for June delivery were down $15.10 an ounce at $1,638.90.

Click here to read the full Reuters report.

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