Canada’s main stock index closed lower as gold prices fell from six-year highs and a strong U.S. jobs report undercut hopes of an interest rate cut this month.

The S&P/TSX composite index was down 46.86 points at 16,541.99.

In New York, the Dow Jones industrial average was down 43.88 at 26,922.12. The S&P 500 index was down 5.41 points at 2,990.41, while the Nasdaq composite was down 8.44 points at 8,161.79.

The Canadian dollar traded for an average of US76.34¢ compared with an average of US76.58¢ on Thursday.

The August crude contract was up US17¢ at US$57.51 per barrel and the August natural gas contract was up US12.8¢ at US$2.42 per mmBTU.

The August gold contract was down US$20.80 at US$1,400.10 an ounce and the September copper contract was down US2.2¢ at US$2.66 a pound.