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Gold Trading Flat Focus Friday U.S Job Data

Gold trades flat fresh session highs reached at 1242.90 some minutes ago. Despite, the extension of the risk-on rally in the global equities, gold remains supported mainly driven by rising fund inflows. Holdings of SPDR Gold Trust, the world’s largest gold-backed ETF, rose to 25.35 million ounces on Wednesday, the most since September 2014.
While the main risk event for the bullion this week remains the US non-farm payrolls data due tomorrow.

 

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