Gold News Update (By Germanresearch.co)

Gold prices ended Friday’s session down $0.93 an ounce, as the dollar drifted higher following a jobs report that was stronger than market expectations. Figures from the Labor Department showed that the economy added 250000 jobs in October, and average hourly earnings rose 0.2%. September’s employment gain was revised down to 118000 from the previously reported 134000. However, that decline was offset by an upward revision to August’s numbers. Markets will be closely watching the upcoming U.S. congressional elections, which will determine whether the Republicans or Democrats control the U.S. Congress.

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