Gold Prices Jump After Weak US Jobs Data – Wall Street Journal

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

Gold prices were down nearly 1% earlier in Friday’s trading session but reversed losses after the release of the data. The most actively traded December contract was up…