| Gold has lost its year to date gains post Friday's blockbuster US jobs data. The headline US unemployment rate came in at 5.9% - the last time the unemployment rate was below 6% was in July 2008.
The US economy added 248,000 jobs in September, which marked the 48th straight month of job creation. This was sufficient news flow for traders to push back the price of the precious metal below $1,200/ounce as the probability of an earlier than expected rate hike by the Fed looks likely...............................................Full Article: Source
|