Gold Pulls Back As Private-sector Hiring Data Up Prospects For Higher Interest Rates

By Myra P. SaefongMarketsMarketWatch Pulse

Gold prices settled lower Thursday, pulling back after posting a gain of 0.8% a day earlier, as data showing strong private-sector job growth helped buoy the dollar and fed expectations for a U.S. interest-rate hike this month. August gold lost $5.30, or 0.4%, to settle at $1,270.10 an ounce.

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