Gold down after NFP

Gold prices fell on Friday after a good report on employment in the US, which resurrected forecasts for another increase in the Fed's interest rate before the end of this year.
August gold futures settled at $1258.28 at the New York Exchange COMEX. For the week, gold fell by 0.8% for the first time in four recent weeks.
The forecast for a faster increase in the interest rate leads to a decrease in the price of gold, which is traded in dollars. With an increase in the cost of credit, companies' stocks become more attractive.
For this year, gold prices have risen by about 9%, in part because of forecasts that the Fed will tighten monetary policy gradually.