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Crowded Trading Awaits Gold ahead of Nonfarm

posted by Avatar eToro 359 days ago in Fundamental, Gold, Employment

With spot gold currently trading at the 1539.73 level, near term sentiment remains cautiously bullish going into Friday’s closely watched U.S. Employment Report. Nevertheless, the bullion market seems too shy after early May’s sharp selloff from 1575.45 down to 1462.24 to take gold much higher ahead of the key Non Farm Payrolls release.
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