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The price of gold pulls back from a fresh monthly high ($2388) as the US Non-Farm Payrolls (NFP) report reveals a larger-than-expected rise in employment, but bullion may face range bound conditions if it continues to hold above the May low ($2277). The price of gold registers a fresh weekly low ($2303) as the US adds 272K jobs in May versus forecasts for a ...
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Further reductions of European Central Bank borrowing costs may risk a stronger impact on the euro exchange rate and inflation, according to Governing Council member Robert Holzmann. “If the original assumption of three rate cuts were to materialize, and the Federal Reserve didn’t respond, it would certainly have an impact on the exchange rate, and with it ...