Metals Stocks: Gold on track to end 4-day win streak, but post best week in 6 months

Gold futures on Friday traded lower, maintaining an earlier decline, in the wake of a monthly jobs report that, although lackluster, didn’t considerably change the trend of job creation in the U.S.

The Labor Department reported that 156,000 jobs were added in December to cap off the sixth straight year in which the economy created more than 2 million new jobs. Economists polled by MarketWatch had predicted a 180,000 increase in new nonfarm jobs. The unemployment rate rose to 4.7% from 4.6%.

An increase in wage growth provided support for the argument that the employment market remains on a solid footing.

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