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Recovers Some Losses

GOLD

After declining on Thursday the yellow metal has recovered a chunk of its previous day's losses in the Asia-Pac session despite higher yields in the US as the Senate passed the bill extending the nation's debt limit through Dec 3. Markets look ahead to the US NFP number later in the session, with markets expecting job gains of 500k over the month of September, equating to a drop of 0.1ppts in the unemployment rate. Familiar technical levels in play, resistance seen at $1779.7/87.4 - 50-day EMA / High Sep 22 and key resistance, support at $1721.7 - Low Sep 29 and the bear trigger.

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