Gold ends week 1.1% lower after jobs report

Gold futures settled at their lowest level in more than two weeks on Friday, tallying a weekly loss of 1.1% in the wake of the monthly U.S. jobs report, which offered a mixed picture of the health of the U.S. labor market.

The U.S. economy in August saw its smallest employment gains in five months, according to the Labor Department Friday, adding a modest 173,000 new jobs, while unemployment fell to 5.1%—its lowest level since April 2008.

Gold futures for December delivery GCZ5, +0.01% lost $3.10, or 0.3%, to settle at $1,121.40 an ounce on Comex. Prices fell 1.1% for the week and marked their lowest settlement since Aug. 18

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