Gold Futures Drop for Second Day After U.S. Report on Job Growth

Gold futures for December delivery slipped 0.4 percent to $1,608.60 an ounce at 8:45 a.m. on the Comex in New York, heading for a second straight decline.

Prices erased an earlier gain of 0.4 percent after a private jobs report showed that companies added 163,000 workers in July. The median estimate in a Bloomberg survey called for an advance of 120,000.

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.