Gold rises as jobs data hit dollar
Jan. 8, 2010, 2:18 p.m. EST · Recommend (2) · Post:
NEW YORK (MarketWatch) -- Gold futures rose Friday as the U.S. dollar dropped sharply against its major rivals after a largely disappointing jobs data, raising gold's investment appeal. In other metals, platinum and palladium rose as the first exchange-traded funds backed by the two metals started trading in New York. Gold for February delivery ended up $5.20, or 0.5%, at $1,138.90 an ounce on the Comex division of the New York Mercantile Exchange. The contract ended the week up 3.9%