Gold prices fell while the US Dollar rose alongside Treasury bond yields Friday as October’s official labor-market data crossed the wires. While headline payrolls growth fell short of economists’ forecasts (261k vs. 313k expected), this was offset by a 51k revision that erased September’s shock 33k drop to show a 18k gain instead. Data for the past two months was revised up by a net 90k. Not surprisingly, this kept the likelihood of a December Fed interest rate hike firmly in place. In fact, futures markets imply the priced-in probability of an increase at the year’s last FOMC conclave at a hefty 92.3 percent. From ... (full story)