Bloomberg News

Gold Prices Extend Advances in New York After U.S. Jobs Report

September 02, 2011

Sept. 2 (Bloomberg) -- Gold prices extended gains in New York after a report showed that employment in the U.S. unexpectedly stagnated in August, boosting demand for the precious metal as a haven.

Futures for December delivery gained $42.30, or 2.3 percent, to $1,871.40 an ounce at 8:36 a.m. on the Comex. A close at that price would be the biggest increase since Aug. 10.

To contact the editor responsible for this story: Millie Munshi at mmunshi@bloomberg.net


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