Gold Prices Declined As The U.S. Dollar Ticked Up After U.S. Jobs Data - Dollar Advisory | Best Commodity Tips Provider

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Monday 5 February 2018

Gold Prices Declined As The U.S. Dollar Ticked Up After U.S. Jobs Data

Gold trading range for the day is 29959-30827.

Gold prices declined as the U.S. dollar ticked up after U.S. jobs data showed a robust rise in jobs and wages and 10-year U.S. Treasury yields peaked.

Non-farm payrolls rose by 200,000 jobs in January, the U.S. Labor Department said, beating expectation of 180,000 and their largest annual gain in more than 8-1/2 years.

Demand for physical gold improved in the week in India as jewellers resumed purchases after the government kept import taxes on the precious metal unchanged.

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