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Gold rally falters as trade tensions ease
After a sharp rally last week, gold prices have reversed directions on Monday. In the North American session, the spot price for one ounce of gold is $1327.70, down 0.95% on the day. On the release front, there are no major events. JOLTS Jobs Orders slowed to 7.45 million, shy of the estimate of 7.50 million. On Tuesday, the U.S. posts Producer Price Index reports. Gold prices are sharply lower on Monday, as trade tensions have eased. Investors welcomed the news that the U.S. had suspended tariffs against Mexico, which were due to take effect today. High level talks between the sides on the illegal immigration have ... (full story)
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- Comment #1
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- Jun 10, 2019 8:49pm Jun 10, 2019 8:49pm
- bigtx
- | Joined May 2019 | Status: Member | 186 Comments
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- Jun 10, 2019 10:10pm Jun 10, 2019 10:10pm
- 676f6c64
- | Joined Jun 2019 | Status: Member | 226 Comments
If you have faith in our leaders of commerce, don't buy gold.
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- Jun 11, 2019 10:27am Jun 11, 2019 10:27am
- SurfsUp
- Joined May 2019 | Status: Member | 53 Comments
If in doubt, paddle out!