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Jobs Report Sinks Gold

Stock quotes in this article: GLD , IAU , NEM , FCX , RTP , PD , BHP  

Updated from 12:34 p.m. EDT

Gold investors failed to find much salvation in the September jobs report.

The price of gold bullion ended the week lower, with a strengthening dollar keeping a lid on any attempt at a rally as investors decided the economy is slowing, but still growing enough to avoid a recession.

The Labor Department says the U.S. economy created only 51,000 jobs in September, compared with the consensus forecast of 120,000. However, the government also made an upward revision to the August report, saying there were now 188,000 jobs created two months ago, up from the previously announced 128,000. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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