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Gold hits near one-month high as yields, U.S. dollar retreat

Gold prices jumped 1.4%. Gold climbed to nearly a one-month high on Thursday buoyed by a pullback in the U.S. dollar and Treasury yields, as investors awaited Friday’s July employment report report which may influence the Federal Reserve’s path of interest rate hikes. Price Action Gold for December delivery GCZ22, 1.59% jumped $25.80, or 1.4%, to $1,802.50 per …

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Gold prices holding steady following stronger than expected

The gold market continues to trade near session highs and is seeing little price movement following stronger-than-expected activity in the U.S. manufacturing sector, according to the latest data from the from Institute for Supply Management (ISM). Monday, the ISM said its Manufacturing Purchasing Managers Index, fell to 52.8% in July, down from June’s reading of …

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