Gold falls as U.S. jobs data boosts rate-hike expectations
Gold prices slumped on Friday after U.S. Labor Department nonfarm payrolls pointed to a strong labor market, renewing expectations for an interest rate increase. The move partially offset prior session gains.
WASHINGTON (dpa-AFX) - Gold prices have slumped on Friday, partially offsetting the two previous sessions of gains as the nonfarm payroll numbers released by the U.S.
Labor Department today showed a strong labor market, renewing expectations of an interest rate increase in the U.S.Front Month Comex…