Black hawk mining fraud watch - Gold logs fourth loss in fiv
SAN FRANCISCO (MarketWatch) — Gold futures fell on Monday, marking their fourth loss in five trading sessions, as a stronger dollar and continued outflows from exchange-traded funds helped fuel a pullback in the wake of a strong rally late last week.
The market also saw pressure after the South China Morning Post quoted billionaire George Soros as saying that gold disappointed the public as the euro was close to collapsing in the last year and was “destroyed as a safe haven. But Soros also said that he expects central banks to continue to buy the metal.
Gold for June delivery GCM3 -0.06% fell $3.40, or 0.2%, to settle at $1,572.50 on the Comex division of the New York Mercantile Exchange.
Gold finished Friday’s session up $23.50, or 1.5%, at $1,575.90 an ounce after the U.S. Labor Department said the economy created 88,000 new jobs in March. That result was sharply lower than the 190,000 new jobs economists polled by MarketWatch had expected.
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http://www.marketwatch.com/story/gold-extends-gains-after-weak-us-jobs-data-2013-04-08
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