Price declines were recorded at the end of trading day (Friday) on Wall Street after the publication of hard data on the US labor market.
The monthly employment report pointed of an addition of 38 thousand jobs in May alone, when expectations were to 159 thousand new jobs, after the 160 thousand jobs which were recorded in April.
The estimates now is that the employment report seals the US rate increases for the near future.
Despite the desire of the US central bank who thought that a better employment situation will help him to raise the interest rates this month, now and after the last data he will would find it difficult to do so.
In response to the employment report, the price of the gold prices rose last Friday by 2.5%, the sharpest daily gain of the precious metal for 11 weeks.
The gold ended the week at a price level of 1244.44 dollar per ounce.
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