As of 5:05 PM EDT gold futures basis, the most active December 2021 Comex contract is trading down $7.80 and fixed at $1790.70.

On Friday, September 3, gold prices moved dramatically higher after the U.S. Labor Department released its jobs report for the month of August.

The August job report was released today by the U.S. Labor Department is a game-changer. It clearly shows that the economic recovery, which had been strong, has taken at least one or two steps backward.