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    gold investing

    Gold recovers from losses after U.S. jobs data

    Investing News Network
    Jun. 04, 2010 10:36AM PST
    Precious Metals Investing

    On Friday, Gold recovered from losses after data showed the United States added fewer jobs than expected in May, knocking assets seen as higher risk such as stocks and lifting haven buying of bullion.

    On Friday, Gold recovered from losses after data showed the United States added fewer jobs than expected in May, knocking assets seen as higher risk such as stocks and lifting haven buying of bullion.

    The press release is quoted as saying:

    Spot gold was bid at $1,204.85 an ounce at 1509 GMT against $1,206.05 an ounce late in New York on Thursday. It earlier touched a session low of $1,196.65 an ounce. U.S. gold futures for August delivery were down $3.50 at $1,206.50.

    Click here to access the entire press release

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