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Market Update: Gold Brefly Touches 2-1/2 Month High
Gold prices rose more than 1.2% to almost $1834 per ounce, a 2-1/2 month high supported by a weaker dollar after the disappointing payrolls report put in question Fed’s pledge to wind down bonds purchases. Payrolls report showed the economy added the lowest jobs in 7 months and wages rose much more than expected, raising further concerns about the impact of the coronavirus spread on the economy and rising price pressures. [/s2If]
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