Gold Could Be Headed for $1,300 Following Bad Jobs Report
Gold prices could be headed for $1,300 an ounce following last week's poor jobs report.
Gold prices could be headed for $1,300 an ounce following last week's poor jobs report. RJO Futures Senior Market Strategist Phil Streible tells TheStreet's Joe Deaux that, while it's possible, for this week he's looking for the yellow metal to hang around $1,250 an ounce. The December jobs report should give the Federal Reserve pause to determine whether it will continue to taper its economic stimulus program. Continued taper, according to gold analysts, likely would weigh on prices.
