Gold Rises On US Employment Report

Posted By: Religare
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Gold futures closed higher in the international market on Friday with some caution emerging among investors after the metal hit 10-straight sessions of gains on Thursday.

Gold Rises On US Employment Report

The dollar, which usually moves inversely to gold, was initially higher, was pushed lower by the employment report, then bounced back.

Gold, which is priced in dollars, is highly sensitive to moves in its exchange rate. The two assets typically move inversely. And stock gains tend to, but don't always, lure investors away from haven gold.

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