Stronger US Job Market Causes Gold to Fall

Bloomberg reported that gold prices were down on news of an improving US job market.

As quoted in the market news:

Gold futures for February delivery fell 0.2 percent to settle at $1,610.60 an ounce at 1:49 p.m. on the Comex in New York. The metal has climbed 13 percent this year. Prices dropped 6.9 percent last week after the Federal Reserve refrained from taking new action to boost economic growth.

Click here to read the full Bloomberg report.