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Gold Retreats Ahead Of Jobs Report, Fed Decision

WASHINGTON (Alliance News) - Gold futures continued to fall Thursday ahead of tomorrow's ...

Alliance News 7 December, 2017 | 1:39PM
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WASHINGTON (Alliance News) - Gold futures continued to fall Thursday ahead of tomorrow's crucial US jobs report.

Gold was down USD8 at USD1257 an ounce, the lowest since the summertime.

In another prelude to Friday's monthly jobs report, initial US jobless claims, fell by 2,000 to 236,000 in the seven days ended Dec 2. Economists forecast claims of 240,000.

Yesterday data showed employment in the US private sector increased by slightly more than expected in the month of November, according to payroll processor ADP.

The Federal Reserve is expected to raise interest rates next Wednesday.

Copyright RTT News/dpa-AFX

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