Gold prices drop as US job growth exceeds expectations.

Gold futures prices have fallen following a better-than-expected US jobs report, with June gold down $24.60 at $2,031.80 and July silver down $0.172 at $26.03. The report showed a rise in non-farm payrolls of 253,000, up from the forecasted 180,000. Global stock markets were mixed to firmer overnight, with US stock indexes pointing towards higher openings. The US dollar index is slightly higher, while Nymex crude oil prices are trading around $70.50 a barrel. The gold futures bulls have the strong overall near-term technical advantage, while the silver bulls have the solid overall near-term technical advantage.