Posted AT 4:17 PM EDT on 04/04/08
Gold gains on weak U.S. jobs data
NEW YORK, LONDON — Gold gained in choppy trade Friday as an oil rally and weaker-than-expected U.S. jobs data pushed the U.S. dollar down and lifted gold's appeal as an alternative investment.
But analysts cautioned that gold could slide further after tumbling last week to a two-month low.
Gold rose as high as $914.40 (U.S.) an ounce after the data, and was last at $908.40/909.20 by 2:15 p.m. EDT, up from $903.40/904.
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