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Gold gets a boost from Tepid payroll gain

There have been a number of immediate market reactions to the disappointing US payroll gain this afternoon and besides the dollar getting whacked, this news helped to lift Gold to a session high just below $2,760. The metal had been on the rebound anyway since sliding to a low yesterday, at $2,731.65. The move just now saw it nearly touch $2,760. The high seen was set at $2,759.92. It has backed away from that high now though, as the dollar steadies and tries to battle back against its major counterparts. Gold is currently trading at $2,755.45 
 

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