India, July 3 -- Gold fell on Thursday as a result of a surprisingly positive jobs report that pushed up the US Dollar. A strong dollar makes bullion more expensive for overseas buyers.
Front Month Comex Gold for July delivery ended down by $16.40 (or 0.49%) to $3,331.60 per troy ounce today. However, gold gained $57.90 (or 1.77%) for this trading week.
Front Month Comex Silver for July delivery ended up by 35.80 cents (or 0.98%) to $36.784 per troy ounce today. Silver gained 74.70 cents (or 2.07%) for this trading week.
The US Labor Department released the jobs data today.
US nonfarm payrolls rose by 147,000 in June, above forecasts of 110,000.
Jobs increased across government employment (+73,000), namely state government (+47,000).
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