Summary Box: Gold jumps on dismal US jobs report

AP News
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Posted: Sep 02, 2011 3:39 PM
Summary Box: Gold jumps on dismal US jobs report

GAINING ON RECORD: Gold pushed back toward record territory as a bleak jobs report added to fears that the U.S. could be headed for another recession. Gold soared $48, or 2.6 percent, to $1,877 an ounce..

JOBS JOLT: The government said no jobs were added in the U.S. economy last month. It was the worst jobs report in 11 months. The unemployment rate remained stuck at 9.1 percent.

MIXED BAG: Oil prices fell, industrial metals were mixed, and grains and beans rose.