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Gold Futures Erase Gains on Comex After ADP Jobs Report

Gold futures for December delivery fell 0.1 percent to $1,612.40 an ounce at 8:22 a.m. on the Comex in New York.

Earlier, the price advanced as much as 0.5 percent before 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: Thomas Galatola at tgalatola@bloomberg.net

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