Gold prices continued to fall Friday morning, as a blockbuster U.S. jobs report fueled expectations the Federal Reserve will raise interest rates in December.
The U.S. economy created 271,000 new jobs in October, pushing unemployment rate down to 5%. Moreover, workers saw the biggest gain in hourly wages since 2009.
U.S. Gold for December dropped $10 to $1094 an ounce, the lowest since August.
A stronger dollar and hawkish remarks from Federal Reserve Chair Janet Yellen have been eating away at gold prices this week.
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