Gold bounces above $740/oz as dollar turns lower - JB News Feed

LONDON - Gold reversed initial losses to finish higher in choppy trade on Friday, after the dollar fell as investors brushed aside robust U.S. employment data and bet the world's biggest economy was still on a slowing path.

Spot gold hit an intraday high of $743.90, closing in 28-year peaks hit earlier this week, and was quoted at $741.10/741.90 by 2:15 p.m. EDT, up from $736.10/736.90 in New York late on Thursday, when it hit a two-week low of $720.70.

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