TeleTrade - Analytics

    TeleTrade

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    02.07.2015 07:08 Gold declined slightly

    Gold is currently at $1,166.90 (-0.21%) an ounce. Investors put concerns over Greece aside and concentrated on today's U.S. payrolls report. Investors will be looking for clues to the timing of the data-determined rate hike by the Fed. Strong data would mean that there is a continuous improvement in labor market, which is required to justify a rate hike.

    Gold may become more attractive if Greece leaves the euro zone or a similar scenario happens in other European countries.


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