10
January
Gold steady ahead of payrolls data; dollar weighs
10 January 2011 Reuters
Gold dipped on Friday, as disappointing U.S. job growth failed to revive safe-haven demand following a raft of strong economic data, and bullion notched its biggest weekly decline since May.
Bullion declined for a fifth day, its longest losing streak in seven months, although it closed up from a six-week low after data showed U.S. employers hired fewer workers than expected in December, and a surprise fall in the unemployment rate was blamed on people giving up the search for work.
