Gold Rebounds From Jobs-inspired Slide

By MarketWatchMarketWatch Pulse

Gold futures rebounded back into positive territory Friday after initially sinking in the wake of a July jobs report that was seen leaving the Federal Reserve on track to hike rates as soon as September. Gold for December delivery on Comex was up $6.40, or 0.6%, at $1,096.60 an ounce, after trading as low as $1,081.40.

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