Gold eases as stocks gain after mixed US jobs data
Updated : April 05, 2019 11:56 PM IST
Spot gold slipped 0.1 percent to $1,290.75 per ounce by 1:40 pm EDT (1740 GMT). Prices touched their lowest since January 25 at $1,280.59 on Thursday. The metal was down about 0.1 percent so far for the week. US gold futures settled 0.1 percent higher at $1,295.6 an ounce.
US employment growth accelerated from a 17-month low in March as milder weather boosted activity in sectors like construction, which could further allay fears of a sharp slowdown in economic growth in the first quarter, driving early gains on Wall Street.
Also weighing on bullion was improved risk sentiment driven by optimism surrounding a US-China trade deal, which kept the dollar supported.