Gold trades near 10-month low as global economy is improving

Gold futures were traded close to the lowest level in 10 months on Friday as investors are seeking for higher return assets amid an improving global economy and before U.S. report showed a less-than-expected job growth in the country. Bullion for immediate delivery fell 0.2% to $1,551.48 an ounce on Friday after it touched its lowest level since May 30 at $1,540.28 yesterday.