Gold Pushes Ahead on Weak U.S. Jobs Data

CNBC reported that gold was given a push over $1400 an ounce on Wednesday, boosted by weaker than expected U.S. employment data, reducing speculation that the U.S. Feds will scale back its $85 billion monthly bond-buying program.

As quoted in the market report:

Spot gold was last up 0.3 percent at $1,403 an ounce, having earlier touched a session low of $1,395.19. U.S. gold futures were lasts 0.5 percent higher at $1,404 per ounce, off a low of $1,395.10.

To view the whole CNBC report, click here.