![\"Gold](\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/uploads\/2013\/05\/Gold-futures-gain-investors-and-traders-buy-back-in-on-weaker-US-dollar.jpg\")
The price of gold took a tumble lower this morning, falling back uner $1450 an ounce mainly due to a re-energised US dollar on signs of an improving North American job market after official data revealed fewer individuals filed for unemployment assistance.<\/p>\n
Latest Gold Price<\/strong><\/p>\n Gold fell $17.10 an ounce to $1,430.00 by 02:00 GMT, nearing Friday’s low of $1,420.61, its weakest since late April. Gold prices have fallen more than 14 percent this year. Gold, often touted as the most trustworthy of investments, has looked wild over the past month. After starting April above $1,600 an ounce, it dropped below $1,361 on April 15 and has steadily recovered to settle at $1,436 on Friday.<\/p>\n US Job Figures Last week, the American Bureau of Labor Statistics reported that the US economy added 165,000 nonfarm payrolls in April, up from 138,000 in March, whose figure was revised up from 88,000. April’s figures far outpaced analysts’ forecasts for a 145,000 figure.<\/p>\n The positive figures led to speculation that the US Federal Reserve may call a halt to its policy of increasing monetary supply and the US dollar rose.<\/p>\n “The data signals fewer layoffs in April, a quicker pace of labor market recovery, and a lower national unemployment rate,” said Stone & McCarthy Research Associates economic analyst Doug Brain in Princeton, New Jersey.<\/p>\n Still, analysts cautioned that prices remain vulnerable if more data disappoint. “If the data next week comes in weak relative to expectations and the inflation data comes in below consensus, we
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\ncould see the long-end rally 15 basis points,” said Thomas Simons, a money market economist with Jefferies & Co, New York.<\/p>\n<\/p>\n