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Gold falls a second day as investors await jobs data for rate clue

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Published Thu, Sep 3, 2015 · 09:50 PM

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    London

    GOLD fell for a second day before a US government jobs report on Friday that may indicate whether the economy is strong enough for policymakers to start raising interest rates.

    Bullion declined 0.5 per cent on Wednesday, snapping a three-day gain, after a private report showed that US jobs growth remained solid in August and the Federal Reserve's Beige Book showed that the economy expanded across most regions and industries in the past two months. Investors sold metal through gold-backed funds for a fourth straight day.

    Gold

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