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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
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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