Gold bulls are out in force today, as the price of the commodity rips higher following a weak jobs report in the US. Expectations for QE3 are now back on the table and that has gold bulls salivating. The price of spot gold shot up immediately following the release of the jobs data and is now at $1580/oz up from an overnight low of $1544/oz. Popular Gold ETF SPDR Gold Shares (NYSE: GLD) is up 1.6 percent to $154.

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