Gold Prices Gain on Weak US Employment Data – Wall Street Journal

Gold prices jumped on Friday after U.S. employment data came in far lower than expected, signaling continued sluggish economic growth and easing expectations of an interest-rate increase this year but adding up to a bullish backdrop for safe-haven assets like precious metals.

Gold prices were down nearly 1% earlier in Friday‚Äôs trading session, but reversed losses after the release of the data. The most-actively traded December…