Gold falls as jobs report not as bad as fearedhttps://www.marketwatch.com/News/Story/Story.aspx?column=Metals+Stocks
But some analysts remained bullish on gold over the long term. Analysts at Morgan Stanley said they expect gold prices to rise owing largely to continued uncertainty in the global financial system and long-term inflation risks. Gold is often held as a hedge against inflation.
"The risk of sustained quantitative easing ... will be long-term bullish for the gold market," they said in the report.
Central banks of the U.S., U.K. and Japan have implemented quantitative easing, which is essentially printing money, to keep markets awash in liquidity and help economies get back on a growth track. Such policies often lead to inflationary pressure.