Gold Prices Drop After Stronger Than Expected U.S. Job Growth

Gold prices are lower after much stronger than expected U.S. jobs growth in September.

The key non-farm payrolls number was up 336,000, well above expectations of 170,000.

The strong jobs data suggests the Federal Reserve will maintain its hawkish stance on monetary policy.

Gold hit a 10-month low, with December gold down $5.40 at $1,825.90.

The U.S. dollar index is solidly higher and Treasury yields are up after the jobs report.