MW: Crude, gold futures slide after U.S. jobs report
By Nick Godt
NEW YORK (MarketWatch) -- Crude oil futures fell nearly 2% and gold fell 0.6% Friday after the government said the U.S. economy added 431,000 jobs in May, but most of the gains were temporary and private-sector hiring remained very weak. The report was also weaker than the 540,000 increase expected by economists surveyed by MarketWatch. Crude oil futures for July delivery fell $1.58, or 2.1%, to $73.03 a barrel. Gold for August dropped $7, or 0.6%, to $1,203.10 an ounce.
