Is gold under melting fire?

FXstreet.com (Chicago) – Gold extends losses ahead of Tokyo’s opening and precipitates the futures contract to print fresh 4-month lows despite stalling movement earlier this week.

The US job market results played a huge catalyzing role for gold to remain subdued throughout Wednesday’s trading session putting bulls at the mercy of way stronger bears. Offered at $1,237.00, gold retraces 0.35% so far and prints lows at $1,235.50 and highs at $1,254.80.

Earlier in the US, a series of data outperformed expectations: initial jobless claims decreased while manufacturing results improved.