Mixed reactions to US jobs report and economy trends.

The US Labor Department's nonfarm payroll jobs report showed that the labor market is robust and resilient, with 253,000 new jobs added last month and a decrease in the unemployment rate to 3.4%. Market participants used the report to engage in US equities, taking all three major indices higher. Gold investors and traders pulled profits from recent gains in gold due to the report. However, the major fundamental factors that have moved gold substantially higher are still unresolved and worrisome, and today's strong decline in gold prices could present an opportunity to buy the dip.