Saturday 4 February 2012

PRECIOUS-Gold Retreats Towards $1,750/oz after U.S. data


U.S. non-farm payrolls data beat expectations
* Prospect of further U.S. monetary easing recedes
* Gold, platinum come off highest since mid-November (Updates prices)
By Jan Harvey
LONDON, Feb 3 (Reuters) - Gold prices fell more than 1 percent on Friday, surrendering gains that earlier took them to 11-week highs, after better-than-expected U.S. payrolls data lifted the dollar and called into question the prospect of further U.S. quantitative easing.
Related Posts Plugin for WordPress, Blogger...