October 20, 2021

Gold futures edge lower, extending decline seen in wake of weak jobs report

Gold futures traded slightly lower Monday, remaining under pressure after losing ground at the end of last week following a weaker-than-expected September jobs report.

Gold for December delivery GC00 GCZ21 was down $2.90, or 0.2%, at $1,754.50 an ounce on Comex, after edging down 0.1% in a choppy Friday session after data showed the U.S. economy added just 194,000 jobs last month. Economists had looked for a rise of 500,000.


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