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Gold firms as dollar slips; US nonfarm payroll data awaited

From cnbc.com

U.S. gold futures were up 0.1 percent at $1,244.6 per ounce. The dollar index inched lower, weighed down by worries about lower U.S. long-term Treasury yields and expectations of a fewer rate hikes by the U.S. central bank. Atlanta Federal Reserve bank president Raphael Bostic on Thursday said he felt the Fed should continue raising rates towards a "neutral" level, noting that despite recent market volatility and increasing uncertainty, he did not see "any indications of a material weakening in the macroeconomic data at the moment." The U.S. economy is "performing very well overall," Federal Reserve Chairman ... (full story)

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  • Category: Fundamental Analysis