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Gold Prices May Fall on US Jobs Data Even If Payrolls Disappoint

GOLD PRICE OUTLOOK: Gold prices struggled for upside follow-through after Jackson Hole rally. US jobs report may weigh on gold if wage inflation continues to hold up. RSI divergence hints August rise might be fading, with a drop to follow. Gold prices marked time this week having roared higher in the wake of the Jackson Hole symposium. Traders seemingly read as ‘dovish’ a speech by Fed Chair Powell where he separated the start of tapering QE asset purchases from sub

MongiIG

MongiIG in Market News

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