gold price news online

Gold Prices Move Lower After Jobs Report

(Gold prices story updated with Fitch downgrades, closing prices)

NEW YORK (TheStreet ) — Gold prices lacked clear direction on Friday after the latest reading on employment in the U.S. showed better than expected job growth in September, but more European credit downgrades kept the markets volatile. As equities seesawed late in the week’s last trading session, gold prices also waffled. Equities finished in the red with a last-minute dive after having staged a last-hour of trading rally, but gold prices broke into the green late on Friday afternoon.

Gold for December delivery was down $15.90 to $1,637.30 an ounce at the Comex division of the New York Mercantile Exchange early on Friday afternoon before rebounding to a gain of $4 at 4 p.m. The gold price has traded as high as $1,668 and as low as $1,627, while the spot gold price was down $10.90, according to Kitco’s gold index. …

Gold Prices Move Lower After Jobs Report

Tags: , , , , ,

Posted in Metals Mining