Positive U.S. Payroll Data Gives Gold a Boost

Reuters reported that gold showed modest gains on Friday, pulled up by positive U.S. payroll data.

As quoted in the market report:

The decent payrolls data and signs of a recovering U.S. economy, however, have dampened gold’s investment case as a hedge against further monetary stimulus by the Federal Reserve and its safe-haven appeal, an analyst said.

To view the whole Reuters report, click here.