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The yellow metal remained in consolidation.....>

GOLD
GOLD: The yellow metal remained in consolidation mode through the European
session, as traders awaited the release of NFP. Disappointing US Jobs data
witnessed the price spike from $1274.64 to fresh session highs of $1280.08, this
was slightly offset by better revisions. The dollar pared back some of its
losses, bullion followed suit dropping back to pullback lows of $1275.50. Dip
buyers emerged pushing the rate back towards $1278.00.
- Broad based dollar demand, as traders got themselves caught short dollars. The
yellow metal dropped to fresh 1-week lows of $1265.60.
- As the dollar pared back some of its gains, gold followed suit grinding off
its low print to recovery highs of $1269.00 before fading as the dollar received
a small lift.

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