New York Gold Rises After Initially Falling on Jobs Data

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At 8:42 a.m. EST (1342 GMT), most-active gold for February delivery GCG8 on the COMEX division of the New York Mercantile Exchange was up $2.50 at $809.60 an ounce. Just before the jobs report, it had been down $3 at $804.10.

Gold futures in New York rose after initially dropping Friday morning as the dollar reversed course to trade lower after better-than-expected U.S. payrolls data for November.

At 8:42 a.m. EST (1342 GMT), most-active gold for February delivery GCG8 on the COMEX division of the New York Mercantile Exchange was up $2.50 at $809.60 an ounce. Just before the jobs report, it had been down $3 at $804.10.

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