Bad News for Gold: U.S. Non-farm Payrolls

U.S. Labor

The U.S. non-farm payrolls came better than expected, which might affects gold prices negatively.
The Labor Department in the U.S. said that unemployment fell from 7.6% to 7.5%, adding 165,000 jobs in April. These numbers are better than what the economists expected, as they forecasted only 148,000 jobs to be added. Applications for unemployment benefits fell for the time by 18,000 to reach a total 324,000 last week.

These news may affect gold prices negatively, as gold performances as an opposite to the USD, and how people feel about the economy.