CHICAGO, Aug.5 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange extended losses on Friday, as a better-than-expected U.S. job report temporarily calmed concerns about another recession. The most active gold contract for Dec. delivery dipped 7.2 dollars, or 0.4 percent, to 1,651.8 dollars per ounce. The U.S. Labor Department said on Friday that nonfarm payrolls increased 117,000, above market expectations for an 85,000 gain. The unemployment rate dipped to 9.1 percent from 9.2 percent in June. Market analysts mentioned that gold lost some ground after U.S. job growth accelerated more than expected in July, which indicated that private employers stepped up hiring, easing fears the economy was sliding into a fresh recession. A trader mentioned that the downslide in gold market remained limited, despite traders taking profits in the nervous previous session, as many investors continued to fret over the euro zone situation. Gold also drew on support from a weaker greenback, which dropped against a basket of major currencies. Gold futures are denominated in dollars and appear cheaper to buyers who use foreign currencies when the greenback eases. Gold has jumped 1.3 percent this week. That follows gains of 1. 9 percent in the previous five-day period. Silver for Sept. delivery lost 1.22 dollars, or 3.1 percent, to 38.211 dollars per ounce. Platinum for Oct. delivery dropped 10.3 dollars, or 0.6 percent, to 1,719.1 dollars per ounce.Gold continues to slide as u s job gains cheer investors - China Mini Tin Cans - Empty Gift TinsGold continues to slide as u s job gains cheer investors - China Mini Tin Cans - Empty Gift TinsGold continues to slide as u s job gains cheer investors - China Mini Tin Cans - Empty Gift TinsGold continues to slide as u s job gains cheer investors - China Mini Tin Cans - Empty Gift TinsGold continues to slide as u s job gains cheer investors - China Mini Tin Cans - Empty Gift TinsGold continues to slide as u s job gains cheer investors - China Mini Tin Cans - Empty Gift Tins The e-commerce company in China offers quality products such as China Mini Tin Cans , Empty Gift Tins, and more. For more , please visit Food Grade Tin Containers today!
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