April 4, 2008 / 12:48 PM / 10 years ago

NY gold futures turn higher on weak US payrolls

 NEW YORK, April 4 (Reuters) - U.S. gold futures recouped early losses
and turned higher Friday morning when the dollar dropped in the wake of a
weaker-than-expected March nonfarm payrolls report.
 Gold futures for June delivery GCM8 on the COMEX division of the New
York Mercantile Exchange were up $1.40 at $911 an ounce by 8:33 a.m. EDT
(1233 GMT). Just before the release of the U.S. jobs data, the June
contract had traded down $1.40 to $908.20.
 (Reporting by Frank Tang; Editing by John Picinich)

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