TeleTrade - Analytics

    TeleTrade

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    08.02.2016 05:51 Gold weakened slightly

    Gold is currently at $1,165.60 ( 0.68%). The precious metal gave up some of its recent gains as a strong jobs report suggested that the Federal Reserve could still raise rates in March. Nevertheless weak stocks and dovish trend among central banks of other countries continue supporting gold.

    Holdings of SPDR Gold Trust, the largest gold-backed exchange-traded-fund, rose by 0.70% to 698.46 tonnes on Friday.


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