By Nicholas Larkin
Dec. 5 (Bloomberg) -- Gold fell in London after a report showed U.S. employers eliminated jobs in November at the fastest pace in 34 years.
The U.S. Labor Department said payrolls shrank by 533,000 workers last month, exceeding economists’ estimates.
Gold for immediate delivery lost $14.79, or 1.9 percent, to $752.21 an ounce by 1:44 p.m. in London. It traded at $764 immediately before the release of the report.
To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net
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