Who writes this stuff anyway? I guess if a "credible" news source writes it then people will believe it.
Gold falls on stronger dollar, jobs data
NEW YORK (MarketWatch) -- Gold futures fell Thursday as the U.S. dollar strengthened against most of its rivals after a disappointing U.S. jobs report, reducing gold's appeal as an investment alternative. August gold was last down $9.80, or 1.1%, at $931.50 an ounce on the Comex division of the New York Mercantile Exchange. The Labor Department reported Thursday nonfarm payrolls shrank by 467,000 in June, higher than the 325,000 decline expected by economists surveyed by MarketWatch and the 322,000 jobs lost in May.
