Gold Recedes On Better-Than-Expected Jobs Data

Reuters reported that gold prices pulled back from its 11-month high as US jobless data dropped to its lowest in four years.

As quoted in the market news:

Spot gold dipped to $1,778.10 per ounce after the data, having earlier touched an 11-month high above $1,795. Prices later trimmed losses to $1,783.59 by 1339 GMT, down 0.3 percent on the day.

U.S. gold futures were down 0.7 percent at $1,784.60.

Click here to view the full Reuters report.