Spot gold falls 1% to $4,046 as U.S. payroll gains exceed forecasts
Spot gold traded at $4,046 an ounce, down 1% on the day, as U.S. employment figures exceeded expectations. U.S. nonfarm payrolls rose by 165,000 in October, compared with economists’ forecasts of around 60,000, the Bureau of Labor Statistics said. The unemployment rate fell to 4.1%, versus expectations that it would remain at 4.2%.