04.08.2014 - Gold price risk still to downside
The gold price tried to regain the psychologically important $1,300 an ounce level on Friday after slightly disappointing jobs number out of the US and a losing streak on Wall Street sent investors back into gold. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery closed at $1,295 an ounce, up $12 from Thursday's trading session. The US economy added 209,000 jobs in July – the sixth straight month of 200,000-plus gains for the first time since 1997 – but the unemployment rate edged up to 6.2% from 6.1%. The below-forecast numbers hurt the dollar which usually move in the opposite direction of the gold price...............................................Full Article: Source
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