GOLD PRICE OUTLOOK:
Gold prices plunge as July’s US jobs data outperforms vs. expectations
Fed stimulus withdrawal bets building with CPI, Jackson Hole in view
Breaking 2021 floor might set the stage for testing the $1600/oz figure
Gold prices plunged after July’s stronger-than-expected US jobs report stoked Fed stimulus withdrawal bets. The US Dollar traded broadly higher and Treasury bond yields rose, tarnishing the appeal of the non-interest-bearing, perennially anti-
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