Gold Weaker on Bearish Outside Market Forces; U.S. Jobs Data on Deck

Gold prices ended the U.S. day session modestly lower in a choppy, two-sided trading affair Thursday. Slight early gains in gold gave way to selling pressure as the trading day progressed. A rallying U.S. dollar index that hit an 11.5-year high Thursday remains a significantly bearish “outside market” that is working against both gold and silver. April Comex gold was last down $3.50 at $1,197.40 an ounce. May Comex silver was last up $0.002 at $16.16 an ounce.

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