MW: Gold sinks, oil futures pare losses after data
By Sara Sjolin
LONDON (MarketWatch) -- Gold futures dropped sharply and oil futures pared earlier losses on Friday after data from the U.S. showed 171,000 jobs were added to the economy in October, topping analysts' expectations of a 120,000 rise. Gold futures for December delivery GCZ2 -1.22% fell $22.70, or 1.3%, to $1,693.60 an ounce, after trading around $1,705 an ounce before the data. Oil futures for the same month CLZ2 -0.38% trimmed losses and were off 35 cents, or 0.3%, to $86.76 a barrel. The U.S. dollar index DXY +0.55% rose to 80.492 from 80.052 in North American trade late Thursday.
