MW: Gold extends losses as jobs report not as bad as feared
Gold futures extended losses Friday, down 1% to below $900 an ounce as data showed the U.S. economy lost fewer jobs in March than expected, reducing the metal's appeal as a safe asset. Gold for April delivery fell $9.20 to $898.20 an ounce in early North American electronic trading. The U.S. economy lost 663,000 jobs in March, fewer than the 688,000 that analysts surveyed by MarketWatch had expected. Meanwhile, unemployment rate rose to 8.5%, in line with expectations.
