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Gold strengthens after April payrolls top forecasts with 115,000 jobs added

Gold attracted fresh buying interest after holding support near $4,700 an ounce, even as a stronger-than-expected U.S. jobs report underscored a still-resilient labor market that could revive selling pressure. The U.S. economy added 115,000 nonfarm jobs in April, the Bureau of Labor Statistics reported. The increase was well above market expectations of about 65,000. The report said employment gains were led by health care, transportation and warehousing, and retail trade, while federal government employment continued to decline. Full article at Kitco:
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