The thin holiday trading volumes will likely make gold price range questionable. But, generally speaking, the weakness of the US dollar continues to support the strong upward rebound of the gold price, with it holding on to the psychological resistance level of $2,000 per ounce. It seems that the gold …
Read More »Gold steadies as jobs data triggers bets on big US rate hike
Gold futures traded higher on Monday after Friday’s jobs report showed the pace of hiring unexpectedly surged last month, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.Gold futures steadied on Monday as July’s US jobs data cleared the way ahead for more …
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