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RULiquid

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Monday, 07/07/2014 6:49:14 AM

Monday, July 07, 2014 6:49:14 AM

Post# of 640606
Gold dips as traders return from holiday
LOS ANGELES (MarketWatch) — Gold prices edged lower on Monday, extending the prior session’s loss, which saw investors opt for equities in a rally that pushed the Dow industrials past 17,000 for the first time ever.
Gold ended the holiday-shortened week with its first loss in five sessions as investors moved into equities on the back of a stronger-than-expected June U.S. jobs report. The economy added 288,000 jobs in June, beating expectations of 215,000 jobs. The unemployment rate fell to 6.1%, and economists expected it to remain at 6.3%.
Gold could be in store for some added action in the coming days, and that could mean more red ink. http://www.marketwatch.com/story/gold-dips-as-traders-return-from-holiday-2014-07-07

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