“SAN FRANCISCO (MarketWatch) — Futures losses in gold and other precious metals moderated Friday after U.S. nonfarm payrolls increased at a slightly lower pace than forecast last month.
However, gold and silver both traded down 1% in a second-day reaction to signs that the Federal Reserve could bring quantitative easing to an end this year.
Gold for February delivery GCG3 -2.03% fell $24.20, or 1.4%, to $1,650.50 an ounce on the Comex division of the New York Mercantile Exchange.
That carried over from a $14.20 loss suffered in the prior session. At its lows Friday, gold had fallen more than $40, retracing below $1,630 an ounce….”
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