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U.S. Jobs Data Eyed

GOLD

Steady U.S. real yields and a pullback from intraday best levels in the DXY have allowed spot gold to reclaim $1,900/oz over the last 24 hours, with little fresh to note from a technical perspective as bullion trades a few dollars above the round number at typing. U.S. labour market dynamics will likely be key for gold during the remainder of the week, with ADP employment and weekly initial jobless claims data due on Thursday, ahead of the release of the latest monthly employment report on Friday.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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