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Gold price declines on the U.S. labour market data
Gold price declined on Friday's better-than-expected labour market data from the U.S. According to the U.S. Labor Department, the U.S. economy added 211,000 jobs in November, exceeding expectations for a rise of 200,000 jobs, after a gain of 298,000 jobs in October. October's figure was revised up from a rise of 271,000 jobs. The U.S. unemployment rate remained unchanged at 5.0% in November, in line with expectations.
The U.S. data added to speculation that the Fed will start raising its interest rate this month.
February futures for gold on the COMEX today fell to 1073.10 dollars per ounce.
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