Gold Settles Lower For 2nd Day Ahead Of Jobs Report

By Wallace Witkowski Markets MarketWatch Pulse

Gold prices settled lower for a second day in a row Thursday as investors awaited jobs data that could offer insights on the pace of inflation and possible interest-rate hikes this year. Gold for December delivery declined $4, or 0.3%, to settle at $1,274.40 an ounce, two days after touching a nearly eight-week high. Silver for September delivery settled lower for a third day in a row, finishing down 10 cents, or 0.6%, at $16.63 an ounce.

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