Monday, 7 May 2018

Gold Prices Rose Slightly As The U.S. Dollar Backed Off Its Highs

Gold trading range for the day is 1311.8-1322.

Gold prices rose slightly as the U.S. dollar backed off its highs, initially rising after U.S. jobs data was weaker than expected.

However, the data was still strong enough to support the case for more interest rate increases.

U.S. President Donald Trump said the U.S. was not taking a harder stance against China because of his respect for Chinese President Xi Jinping.

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