Watch this level in gold as precious metal tracks for weekly loss

From cnbc.com

video Is gold losing its shine? A stronger-than-expected June jobs report put the precious metal on pace Friday for its first weekly loss in nearly two months as investors reevaluated the Federal Reserve’s policy plans for interest rates. Gold prices, which have climbed more than 9% this year, shed about 2% in Friday trading. Expectations for a 50-basis-point interest rate cut in July — which once rose as high as 29% — fell to the single digits, while the probability of a 25-basis-point cut rose to 91% from just above 70%. And this doesn’t make gold’s setup as dismal as it may seem, said one veteran ... (full story)