MW:Gold futures rally after U.S. employment report
By Polya Lesova
NEW YORK (MarketWatch) -- Gold futures rallied on Friday, erasing losses after the government revised sharply lower its estimate for job growth in July and job gains for August were slightly below expectations. Gold for December delivery GCZ3 +1.28% rose $15.70 to $1,388.3 an ounce on the New York Mercantile Exchange. It was down around $4 ahead of the jobs report.