Gold Extends Early Gains After U.S. Jobs Data Slightly Below Expectations

wochit business
April 04, 2014 AT 4:45 AM
Gold prices are moderately higher in early U.S. trading Friday, briefly pushing above what was key psychological resistance at $1,300.00, in the wake of a U.S. jobs report that did not quite meet market expectations. Short covering, bargain hunting and technically related buying are featured, including buy stop orders triggered when prices pushed above $1,300. June gold was last up $11.30 at $1,295.80 an ounce. Spot gold was last quoted up $8.70 at $1,296.00.