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Gold Registers Weekly Loss

Gold futures were higher Friday, trimming weekly losses after a disappointing jobs report quelled talk of an imminent interest rate hike.

The U.S. lost 33,000 jobs last month, due in part to Hurricane Harvey. While the unemployment rate fell to 4.2 percent, the Federal Reserve may take a wait and see attitude before tightening monetary policy.

Gold was up $1.70 at $1274.90 an ounce, but suffered a weekly loss of 0.8 percent.

by RTTNews Staff Writer

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