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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.

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