TeleTrade - Analytics

    TeleTrade

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    01.10.2015 06:48 Gold declined further

    Gold declined to $1,111.80 (-0.30%) after a stronger-than-expected 200,000 increase in the number of employed in the U.S. intensified expectations for a rate hike by the Federal Reserve this year. A more anticipated U.S. payrolls report is due tomorrow. A strong report could put additional pressure on bullion.

    Higher interest rates would decrease demand for this non-interest-bearing precious metal.


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