Gold knocked down by surge in US jobs
Spot gold fell around 1.3% to $1,336.01 an ounce Friday morning after a report on US employment showed the country added 175,000 jobs in February, well above the 149,000 expected for the month.
Unemployment, however, also climbed one tenth of a percentage point to 6.7%, above forecasts for no change.
Gold has gained nearly 2% this week, partly supported by a weaker dollar, which dropped against the euro after the European Central Bank left interest rates on hold.
US gold futures were also slightly lower settling around $1,351 per ounce, the most in five weeks.