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Gold Pares Gains as US Jobs Data Reinforces Higher-Rate Bets
Bullion trimmed Tuesday’s earlier advances of as much as 1.3% after the Bureau of Labor Statistics released data showing that US job openings jumped in April to the highest level in almost two years while layoffs fell. That added to signs of labor-market resilience. Traders also weighed fresh signals from the US and Iran for clues on the prospects of a ceasefire deal to end the Middle East war that has roiled financial markets worldwide. The outlook for gold “remains contingent on developments in the Middle East,” Rhona O’Connell, head of market analysis for EMEA and Asia at StoneX Financial Ltd., said in a ... (full story)
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