Gold Posts New Losses

Gold declined from its high of $1,296 on Friday after the NFP and the Unemployment Rate were announced. The climb was short-lived and hours after the positive effect, the precious metal went down losing what was gained.

Lowest price posted earlier today is $1,259 and Gold is currently trading at $1,263-$1,264. If Gold fails to climb higher and no major events shake up the Gold market, then we might see further depreciation with first target at $1,250.

Chart: XAU/USD D1