Gold recovers from losses after U.S. jobs data

- June 4th, 2010

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.

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