Gold under $1300 after payroll data
Gold lost $25.25 after strong payroll numbers were announced with the yellow metal settling to $1,286 per ounce as of noon ET.
Spot silver was also down to $21.35 ounce, a four-week low.
The expectation for the October jobs report was for 120,000 but the total non-farm payroll was 204,000. The unemployment rate was little changed at 7.3 percent.
August and September payroll data was also revised upward.
"The change in total nonfarm payroll employment for August was revised from +193,000 to +238,000, and the change for September was revised from +148,000 to +163,000. With these revisions, employment gains in August and September combined were 60,000 higher than previously reported," wrote the The Bureau of Labor Statistics in its press release.
Employment bright spots were leisure and hospitality, retail trade, professional and technical services, manufacturing and health care.
And the sunnier data may require the Federal Reserve to taper sooner.