Gold futures edged slightly higher Friday morning after a downbeat jobs report cast doubts on whether the Federal Reserve will raise interest rates this month.
The U.S. economy created just 142,000 new jobs in September, but the unemployment rate held at 5.1 percent as fewer people were actually looking for work.
Still, an interest rate hike before the end of the year is a “reasonable forecast,” said Eric Rosengren, the president of the Boston Fed, making the rounds on cable TV this morning.
Gold for December bounced up from early lows at was down just $4 at $1110 an ounce after the jobs report.
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