: Gold settled lower as U.S. stocks traded sharply higher Tuesday, when Wall Street tried to rebound after a long weekend, according to Xinhua China. The rally of European stocks also gave gold additional pressure. The most active gold contract for December delivery lost 0.40 U.S. dollar, or 0.04 percent, to settle at 1,121.00 dollars per ounce. On Tuesday, French stock market index went up 1.07 pct, the FTSE 100 Index, the benchmark for London Stock Exchange, added 1.18 percent, while the benchmark DAX index at Frankfurt Stock Exchange also settled higher. On Friday, gold futures ended lower after a key U.S. jobs report, which said employers added 173,000 workers in August, which is at Bloomberg low-end estimate of consensus, while unemployment rate fell to 5.1 percent, the lowest since April 2008, with average hourly earnings up 0.3 percent. On Monday, the market was closed for the U.S. Labor Day holiday.
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