Gold Fell After Stronger Than Forecast U.S. Payrolls Data Boosted Expectations - Dollar Advisory | Best Commodity Tips Provider

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Monday 4 June 2018

Gold Fell After Stronger Than Forecast U.S. Payrolls Data Boosted Expectations

Gold trading range for the day is 30670-31320.

Gold fell after stronger than forecast U.S. payrolls data boosted expectations that Fed will press ahead with another U.S. interest rate hike.

The payrolls report showed the U.S. economy added 223,000 jobs last month, well ahead of expectations for 188,000 jobs.

SPDR gold trust holdings dropped by 1.25% i.e. 10.61 tonnes to 836.42 tonnes from 847.03 tonnes.

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