Gold Loses Slight Gains Seen In Wake Of Downbeat Jobs Report

(Kitco News) - Gold prices are modestly lower and trading near thelevels seen just before the release of the U.S. employment report for December.That report was on the weaker side of expectations and gave gold prices a briefpop. However, gold prices have faded again as the U.S. dollar has regained theadvances it briefly lost after the jobs report. February gold was last down$3.90 an ounce at $1,317.60.

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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