(Kitco News) – The gold market is trading lower on Wednesday morning after the latest employment data showed the U.S. labor market continues to deteriorate, according to private sector payrolls processor ADP.On Wednesday, ADP announced that 32,000 jobs were lost in September. The report was far worse than expectations, as consensus forecasts called for job gains of 50,000. August’s figure was unrevised from the initial reading of 54,000 net jobs.
