Federal Reserve

gold prices: Gold for December delivery GCZ5, -0.12% slipped 60 cents, or 0.1%, to $1,120.80 an ounce, building on a 1.1% loss from last week, according to Market Watch. The contract shaved off $3.10 on Friday after the monthly U.S. nonfarm payrolls report offered a mixed picture of the health of the country labor market, with 173,000 jobs added to the economy in August. Market participants also cautiously waited for the closely watched the Federal Reserve meeting next week. The much awaited payrolls number failed to bring more clarity for market participants regarding what the Fed would do next week. In a sense, gold is currently in no-man land and investors are understandably hesitant to put on sizable positions ahead of the FOMC meeting next week, they added. The market ambivalence is reflected by gold prices lingering around the mid-point of the move in August, very close to the 50-day moving average, strategists at UBS said in a note. (news.financializer.com). As reported in the news.