| From Commodityonline.com: Let’s see if we’ve got this right: Traders pummeled gold on Friday, sending it down $66 an ounce, because unemployment reportedly downticked to 10 percent, implying the U.S. economy is strengthening, which would be bullish for the U.S. dollar, which would be bearish for gold.
That’s the theory of it, anyway – and never mind the fact that no one in America outside of newsrooms even remotely believes whatever unemployment statistic the Labor Department concocts from one month to the next; and even less do they believe it when said statistic purports to show that the economy is improving...................................Full Article: Source
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