Gold prices swing lower after US jobs data

LONDON: Gold prices erased early gains to swing lower on Friday after US non-farm payrolls data came in better than expected, showing employers added 163,000 jobs last month, well above forecasts of 100,000.

Spot gold touched a low of $1,586.39 an ounce, well off a session high of $1,599.61 reached just before the data, and was down 0.1 percent at $1,587.90 an ounce at 1234 GMT.