Gold on the move after jobs number

|By:, SA News Editor

Gold launches another assault on $1,300 per ounce following the roughly inline jobs number, up 1.1% to $1,299. The print seemingly will do nothing to dent FOMC momentum towards an end to QE this year and rate hikes next year.

Unemployment didn't fall as expected, but the labor force participation rate - whose steady decline has been a key point for the economy bears - popped higher by 20 basis points to 63.2%.

ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, GLDI, DGZ, AGOL, DGLD, TBAR, UBG, GLDE, GYEN, GEUR, GGBP