Gold prices lose over 1% as better-than-expected U.S. jobs report lifts stocks and the dollar

MarketWatch | Dec 6, 2019 at 7:04 PM
  • Gold futures settled sharply Friday after the U.S. report on November employment came in better-than-expected, with gains last month of 266,000 new jobs, marking the biggest monthly gains since January and reaffirming the health of the domestic economy.
  • Benchmark U.S. stock market indexes also climbed, dulling haven demand for gold.
  • In the short term, the jobs data undercuts demand for safe-haven gold and helped to provide a jolt to a stocks.