Gold Reverses Losses on U.S. Jobs Data

WSJ/Ira Iosebashviliri/06-02-17

Gold prices reversed losses Friday morning, after weaker than expected U.S. employment numbers bolstered the case for the Federal Reserve to continue raising rates at a gradual pace.

Gold for August delivery was recently up 0.2% at $1,271.90 a troy ounce on the Comex division of the New York Mercantile Exchange.

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