CUR - Gold rebounds as dollar slips but set for monthly quarterly decline

Gold jumps more than 2% as the dollar fell following disappointing U.S. jobs data, but are on track for a decline in the month and quarter driven by expectations the Federal Reserve will start winding down its economic support. Rebounding from yesterday's losses, December gold (XAUUSD:CUR) +2.2% to $1,760.50/oz. and December silver (XAGUSD:CUR) +2.7% to $22.07/oz. ETFs: GLD, GDX, GDXJ, NUGT, SLV, SIL Gold mining shares trade broadly higher: NEM +1.3%, GOLD +2.8%, KGC +1.9%, AEM +2.3%, AU +6%, GFI +5.1%, AUY +2.7%, HMY +4.8%. The number of Americans filing new unemployment claims rose last week, which is causing "uncertainty about Fed tapering because they want a strong job market to announce a tapering," consultant Robin Bhar tells Reuters, adding that any delay could be positive for gold. But prospects for Fed tapering, widely expected to start in November, and the potential for still higher U.S. Treasury yields likely would

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Gold rebounds as dollar slips but set for monthly, quarterly decline