Gold Widens Losses Ahead Of US Nonfarm Payrolls

Precious-Gold extended its losses on Friday ahead of the awaited U.S. nonfarm payrolls data, set for its largest weekly loss in almost seven months. The yellow metal hit a low of $1107.28 an ounce, while it currently trading at $1108.73, after opening at $1113.06. The non-farm payrolls due on Friday may prompt policymakers to raise rates in October, as the Fed continued to link the liftoff to further progress in the labor market.

from Energy and Metal Commentaries http://ift.tt/1FMfDTB