Gold traded near the three-week lows

Gold prices traded near a three-week low , as good indicators of employment in the United States, released on Friday , forcing investors fear the Fed reduce the incentives in the near future.

The price of gold fell to 1280.50 dollars after the U.S. Labor Department announced an increase in the number of jobs in October to 204,000 people, and adjusted upward as a whole to 60,000 data for the previous two months.

Report data for October exceeded the expectations of economists , who had forecast growth in the number of jobs at 126,000 . As a result, the average growth over the past three months has exceeded 200,000 .

The fact that the data beat expectations , revived fears among investors that the U.S. central bank will reduce the bond-buying program sooner than expected .

This year Gold futures fell by 28% at the end of June reached a minimum 1,211.60 on fears began rolling program of bond purchases the Fed, which increased the yield of the bonds and the U.S. dollar strengthened .

If prices fall below $ 1,300 did not cause a significant increase in demand in Asia as buyers expect a further decline in prices.

The cost of the December gold futures on COMEX today dropped to $ 1278.10 per ounce.