Will gold drop further ?

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Invest Gold With Ashok

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Gold surprised the markets on Friday as traders bought the dip and prices climbed above $1,570 an ounce level. At the time of writing, April Comex gold futures were trading at $1,571.50, up 0.10% on the day, but down 1% on the week. The big news this week, aside from the coronavirus updates, was the U.S. employment report, which surprised on the upside with 225,000 new jobs created in January. The unemployment rate ticked up to 3.6% on an increased participation rate.