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News Link • Economy - Economics USA

Gold takes a hit after surprise U.S. jobs data

• Reuters
Gold slid below $1,180 a troy ounce on Friday as the dollar rose on a stronger than expected U.S. employment report that raised sentiment on growth and dented gold as a currency hedge. [actually I suspect it was by profit takers who figured gold had risen a bit too fast and were taking advantage of it]

1 Comments in Response to

Comment by Mel Mason
Entered on:

Awesome news.. a chance to buy more before all hell breaks loose. Or maybe, just maybe barack is fixing it by bailing out his buddies. HAPPY DAYS ARE HERE AGAIN!.. Break out the champagne- balloons for the kiddies- fireworks for everyone.. DREAM ON !!

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