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#1
07-10-2016, 02:59 AM
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Gold slides
Reuters
New York Gold slipped sharply on Friday after stronger than expected U.S. payrolls data for June but rebounded quickly, underpinned by concerns over the outlook for financial markets following Britain's Brexit vote. Gold hit a low of $1,335.66 an ounce in the wake of data showing that U.S. **n-farm payrolls increased by 287,000 jobs last month, the largest gain since October. That sent the dollar to a two-week high against the euro and reignited talk that the U.S. Federal Reserve could lift interest rates this year. Spot gold, which has risen more than $100 an ounce since Britain voted to quit the EU, was down 0.1 percent at $1,358.87 an ounce by 2:27 p.m. EDT (1827 GMT). It was on track to close higher for the sixth straight week. U.S. Gold futures for August delivery, which fell as low as $1,336.30 an ounce in the wake of the jobs data, settled down 0.3 percent at $1,358.40. أكثر... 
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