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US May non-farm payrolls came in at 272k versus the 180k consensus and higher than any of the 77 forecasts submitted to Bloomberg – the range was 120-258k. Private payrolls rose 229k versus the 165k consensus expectation. There were 15k of downward revisions to the past 2 months for headline payrolls, but this is still an undeniably strong set of numbers ...
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China’s central bank didn’t buy any gold last month, ending a massive buying spree that had run for 18 months after the precious metal surged to a record high. Bullion held by the People’s Bank of China was unchanged at 72.80 million troy ounces in May, according to data released Friday. It’s the first time the country has opted not to add to its reserves ...